IOL Chemicals & Pharmaceuticals allots 454000 shares at Rs 42

IOL Chemicals & Pharmaceuticals Ltd has announced that the Allotment Committee of the Board of Directors in its meeting held on February 20, 2009, has allotted 4,54,000 equity shares of Rs 10/- each for cash at a premium of Rs 32/- per share on the conversion of warrants issued on August 21, 2007.

The stock closed the day at Rs.102.40, up by Rs.0.05 or 0.05%. The stock hit an intraday high of Rs.103.95 and low of Rs.96.

The total traded quantity was 14758 compared to 2 week average of 22947.

Source : Equity Bulls

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