Shares of Alchemist hits 10% upper circuit, after the company said its board has issued 6.40 lakh equity shares at Rs215 per share on preferential basis to KDS Corporation, an entity belonging to promoter group.
The preferential issue price of Rs215 is at a massive premium of 269.09% over Wednesday's ( March 28, 2012) closing price of Rs58.25.
KDS Corporation held 14.24% stake in Alchemist as on December 31, 2011. The total promoter holding in the firm stood at 28%.
On a consolidated basis, Alchemist's net profit rose 85% to Rs9.01 crore on 80.6% growth in net sales to Rs221.32 crore in Q3 December 2011 over Q3 December 2010.
....more info
The preferential issue price of Rs215 is at a massive premium of 269.09% over Wednesday's ( March 28, 2012) closing price of Rs58.25.
KDS Corporation held 14.24% stake in Alchemist as on December 31, 2011. The total promoter holding in the firm stood at 28%.
On a consolidated basis, Alchemist's net profit rose 85% to Rs9.01 crore on 80.6% growth in net sales to Rs221.32 crore in Q3 December 2011 over Q3 December 2010.
....more info