Sequent Scientific has soared 16% to Rs 151, extending its past four days rally, after the promoters have converted warrants into equity shares at huge premium.
The stock opened at Rs 135 and has seen around 13,000 shares changing hands on the counter so far on BSE. The stock of pharmaceutical firm has zoomed 54% from Rs 97.95 on August 16 as compared to 1.4% fall in benchmark S&P BSE Sensex.
The stock opened at Rs 135 and has seen around 13,000 shares changing hands on the counter so far on BSE. The stock of pharmaceutical firm has zoomed 54% from Rs 97.95 on August 16 as compared to 1.4% fall in benchmark S&P BSE Sensex.
On August 14, the company has allotted 232,500 shares against conversion of same number of warrants at price of Rs 172 to promoters of the company, Sequent Scientific in a BSE filing.
The company allotted 116,250 equity shares each to Aqnus Capital LLP and Chayadeep Ventures LLP, it added.
