Strides Pharma allots 1,50,830 equity shares to Karuna Business Solutions

8 Sep 2022 , 12:28 PM

Strides Pharma Science Ltd has informed that the Management Committee of the Board of Directors of the Company in their meeting held on Thursday have allotted 1,50,830 equity shares of face value of Rs10/- each to Karuna Business Solutions LLP (Warrant Holder) upon conversion of equivalent number of warrants to equity shares.

These shares shall rank in pari passu with the existing equity shares of the Company in all respects, the company said in a regulatory filing.

Consequent to above, the paid-up share capital of the Company has increased from Rs89,98,85,440/- consisting of 8,99,88,544 equity shares of Rs10/- each to Rs90,13,93,740 consisting of 9,01,39,374 equity shares of Rs10/- each.

On Thursday, at around 12:29 PM, Strides Pharma Science Ltd is currently trading at Rs332.35 per share up by Rs0.4 or 0.12% from its previous closing of Rs331.95 per share on the BSE.

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