Wockhardt board allots 3.32 crore equity shares

29 Mar 2022 , 04:17 PM

Wockhardt said in the regulatory filing on Monday that its board has approved the allotment of 3.32 crore equity shares at Rs225 per share in the rights issue announced earlier this year.

In the filing, the company said “In relation to the aforesaid Issue and pursuant to the finalization of the basis of allotment for the Issue, approved by the designated stock exchange, i.e. National Stock Exchange of India Limited, the Committee duly authorized by Board, today, inter alia, considered and approved the allotment of 3,32,44,650 Equity Shares at a price of Rs225 per Equity Share (including a premium of Rs220 per Equity Share) (“Allotment”).”

“In view of the above, the paid-up equity share capital of the Company has increased from Rs55,40,77,515/- (11,08,15,503 equity shares of Rs5/- each) to Rs72,03,00,765/- (14,40,60,153 equity shares of Rs5/- each), the company added.

The stock price ended at Rs281.90 down by Rs15.25 or 5.13% from its previous closing of Rs297.15 on the BSE.

The scrip opened at Rs295.35 and touched a high and low of Rs299.15 and Rs280.45 respectively.