Strides Arcolab allots equity shares
Moneylife Digital Team 27 August 2010

Pharma company Strides Arcolab Ltd said it has allotted 3,220,000 fully paid equity shares of Rs10 each to Agnus Holding, a promoter group company, against conversion of warrants at a price of Rs91.15 per share.

Consequent to the above allotment, the paid up equity share capital of the company has increased from Rs43.70 crore consisting of 43,701,138 equity shares of Rs10 each to Rs46.92 crore consisting of 46,921,138 equity shares of Rs10 each.

On Friday, Strides Arcolab shares closed 2.35% down at Rs415 on Bombay Stock Exchange, while the benchmark Sensex ended 1.25% down at 17,998 points.

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