Ajanta Pharma Ltd allots 4,27,08,385 bonus shares

The Executive Committee of Directors of Ajanta Pharma Ltd, has at its meeting held today, allotted 4,27,08,385 Bonus Equity Shares of Rs. 2/- each as fully-paid up Bonus Equity Shares, in the proportion of One (1) Equity Share of Rs. 2/- each for every Two (2) existing Equity Shares of Rs. 2/- each, to the eligible Members whose names appeared on the register of Members / list of beneficial owners as on 23rd June 2022, i.e. record date fixed for this purpose.

Consequently, the paid-up Equity Share Capital of the Company stands increased from Rs. 17,08,33,540 divided into 8,54,16,770 Equity Shares of Rs. 2/- each to Rs. 25,62,50,310 divided into 12,81,25,155 Equity Shares of Rs. 2/- each.

As part of the aforesaid allotment 14,758 Bonus Equity Shares representing fractional entitlement(s) of eligible Members have been consolidated and allotted to a separate account opened for this purpose. Such equity shares would be sold at the prevailing market rate as soon as possible and the net sale proceeds after adjusting the cost and expenses in respect thereof, would be distributed amongst the members as per their respective fractional entitlements.

Shares of Ajanta Pharma Limited was last trading in BSE at Rs. 1249.85 as compared to the previous close of Rs. 1213.85. The total number of shares traded during the day was 2819 in over 890 trades.

The stock hit an intraday high of Rs. 1258.60 and intraday low of 1202.70. The net turnover during the day was Rs. 3470369.00.

Source : Equity Bulls

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AjantaPharma INE031B01049 Allotment BonusShares