Financial Daily from THE HINDU group of publications
Thursday, Nov 13, 2003
Financial Daily from THE HINDU group of publications Thursday, Nov 13, 2003 |
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Markets
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Stocks Transgene Bio trading to be suspended Our Bureau
Mumbai , Nov. 12 THE Bombay Stock Exchange (BSE) has suspended trading in the securities of Transgene Biotek from November 17, until the pending investor complaints are resolved by the company. The exchange decision comes at a time when the company's board (in July) approved allotment of 10 lakh equity shares at Rs 60 per share along with 10 lakh convertible warrants of Rs 10 each convertible into one equity share at Rs 125 per share at the end of one year from the date of allotment. These shares were allotted to some FIIs. This year, the stock price of the company has run-up from below Rs 10 level to current market price of Rs 82 on the BSE.
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