 "Venus Remedies gains on preferential allotment plans")
Shares of Venus Remedies have rallied 11% to Rs 158 on the BSE after the company announced the issue of equity shares to the company promoters on a preferential basis.
“The board of directors of the company will meet on June 30, 2015, to consider the issue of fully convertible warrants / equity shares to promoters on a preferential basis subject to approval in the general meeting,” Venus Remedies said in a BSE filing.
The stock opened at Rs 149 and hit a high of Rs 162 on the BSE. The trading volumes on the counter more than doubled, with a combined 1.11 million shares changing hands on the BSE and NSE till 1020 hours.
“The board of directors of the company will meet on June 30, 2015, to consider the issue of fully convertible warrants / equity shares to promoters on a preferential basis subject to approval in the general meeting,” Venus Remedies said in a BSE filing.
The stock opened at Rs 149 and hit a high of Rs 162 on the BSE. The trading volumes on the counter more than doubled, with a combined 1.11 million shares changing hands on the BSE and NSE till 1020 hours.