Poly Medicure allots 1:1 Bonus Shares

Poly Medicure Ltd has announced that the Allotment Committee of Board of Directors at its meeting held on March 30, 2010 has allotted 54,00,000 (Fifty Four Lac) Equity Shares of Rs. 10 (Rs. Ten) to the existing shareholders of the Company in the ratio of 1:1 viz. 1 fully paid up bonus share for every existing equity share.

Further, allotment of 106250 bonus equity shares have been kept in abeyance in the light of pending in-principle approval from Stock Exchange and the same shall be allotted to those shareholders who are entitled to it, after the receipt of necessary approval from stock exchange.

The stock closed the day at Rs.91.55, down by Rs.2.80 or 2.97%. The stock hit an intraday high of Rs.96.70 and low of Rs.90.

The total traded quantity was 9715 compared to 2 week average of 16846.

Source : Equity Bulls

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