Hiran Orgochem approves allotment of 1538462 GDRs

Hiran Orgochem Ltd has announced that the Board of Directors of the Company at its meeting held on May 21, 2010, inter alia, has considered and approved allotment of 15,38,462 (Fifteen Lacs Thirty Eight Thousand Four Hundred Sixty Two) GDRs representing 4,61,53,860 underlying Equity Shares of face value of Rs. 10/- each at an offer price of US $ 6.50 per GDR to the persons resident outside India.

The stock was trading at Rs.9.42, down by Rs.0.23 or 2.38%. The stock hit an intraday high of Rs.9.88 and low of Rs.9.31.

The total traded quantity was 54170 compared to 2 week average of 46175.

Source : Equity Bulls

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