Strides Arcolab allots 3220000 Equity Shares

Strides Arcolab Ltd has announced that the Company has allotted 32,20,000 fully paid equity shares of Rs. 10/- each to M/s. Agnus Holding Pvt. Ltd., a promoter group Company, against conversion of warrants at a price of Rs. 91.15 per share.

Consequent to the above allotment, the paid up equity share capital of the Company has increased from Rs. 437,011,380 consisting of 43,701,138 equity shares of Rs. 10/- each to Rs. 469,211,380 consisting of 46,921,138 equity shares of Rs. 10/- each.

The stock was trading at Rs.418.60, down by Rs.6.40 or 1.51%. The stock hit an intraday high of Rs.426.70 and low of Rs.416.45.

The total traded quantity was 0.18 lakhs compared to 2 week average of 0.39 lakhs.

Source : Equity Bulls

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