Merged Lupin Entity Trades At Rs 80.25

Shares of Lupin Ltd, the merged entity of Lupin Laboratories and Lupin Chemicals, closed at Rs 80.25 on the Bombay Stock Exchange (BSE) and at Rs 81.20 on the National Stock Exchange (NSE) on the first day of its trading today.

Shares of Lupin Chemicals were last traded on July 13 and had closed at Rs 10.50 while shares of Lupin Laboratories were also traded last on the same day to close at Rs 77.75 on the BSE. However, the shares of Lupin Laboratories were last traded on July 17 on the NSE and had closed at Rs 75.75. The merged entity Lupin Ltd represents 12 shares of Lupin Chemicals against one share of Lupin Laboratories.

It is also worth mentioning that BSE has removed the circuit filter in the stock in order to enable the members and investors to trade in the scrip at a realistic price level, till a trade is established. Since the circuit filter was open today, the stock price of Lupin had topped at Rs 105 on the BSE.