IOL Chemicals allots 3066664 shares

IOL Chemicals & Pharmaceuticals Ltd has announced that the Allotment Committee of the Board of Directors in its meeting held on April 21, 2009, has allotted 30,66,664 equity shares of Rs 10/- each consisting 12,00,000 equity shares allotted to M/s. Mayadevi Polycot Ltd, Promoter on the conversion of warrants and 18,66,664 equity shares allotted to M/s. indiaSTAR (Mauritius) Ltd, M/s. G S Auto Leasing Ltd and M/s. Shivalik Securities Ltd, Non-promoters on the conversion of fully convertible debentures.

Consequent upon the issue of the above 30,66,664 equity shares, the total paid-up capital of the Company stands increased to 2,12,16,664 fully paid equity shares of Rs 10 each.

The stock closed the day at Rs.94.10, up by Rs.0.25 or 0.27%. The stock hit an intraday high of Rs.94.40 and low of Rs.88.20.

The total traded quantity was 61276 compared to 2 week average of 100689.

Source : Equity Bulls

Keywords