Punjab Chemicals allots 6 lakh shares on conversion of warrants

Punjab Chemicals & Crop Protection Ltd has announced that the Board of Directors of the Company at its meeting held on August 11, 2009 have allotted 6,00,000 equity shares against the Preferential Convertible Warrants issued on February 12, 2008 @ Rs 136/- per warrant which are opted for conversion by the subscribers.

The stock was trading at Rs.133.20, down by Rs.3.90 or 2.84%. The stock hit an intraday high of Rs.139.95 and low of Rs.130.05.

The total traded quantity was 6325 compared to 2 week average of 7895.

Source : Equity Bulls

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