Strides Arcolab allots 2560000 Equity Shares

Strides Arcolab Ltd has announced that the Company has allotted 2,560,000 fully paid equity shares of Rs. 10/- each against conversion of 25,60,000 warrants at a price of Rs. 91.15 per share to Netequity Ventures Pvt. Ltd., a promoter group Company.

Consequent to the allotment, the paid up equity share capital of the Company has increased from Rs. 402,291,380 consisting of 40,229,138 equity shares of Rs. 10/- each to Rs. 427,891,380 consisting of 42,789,138 equity shares of Rs. 10/- each.

The stock closed the day at Rs.299.35, down by Rs.5.35 or 1.76%. The stock hit an intraday high of Rs.308.40 and low of Rs.294.30.

The total traded quantity was 275109 compared to 2 week average of 211497.

Source : Equity Bulls

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