Vipul Dye Chem allots 1975000 warrants

Vipul Dye Chem Ltd has announced that the Board of Directors of the Company at its meeting held on August 23, 2010 has issued and allotted 19,75,000 warrants convertible into even number of equity shares of Rs. 10/- each on preferential basis at a price of Rs. 20/- per share (including premium of Rs. 10/- per share).

The stock closed the day at Rs.35.25, down by Rs.0.65 or 1.81%. The stock hit an intraday high of Rs.37.50 and low of Rs.34.80.

The total traded quantity was 0.46 lakhs compared to 2 week average of 0.11 lakhs.

Source : Equity Bulls

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