Camlin Fine Chemicals lists at Rs 75 on BSE
Camlin Fine Chemicals Ltd on Friday listed on the Bombay Stock Exchange at a price of Rs 75 a share following the restructuring of its business.
By PTI |
MUMBAI: Camlin Fine Chemicals Ltd on Friday listed on the Bombay Stock Exchange at a price of Rs 75 a share following the restructuring of its business.
Within minutes of listing, the scrip touched a high of Rs 85 and a low of Rs 65.85. More than 3.90 lakh shares changed hands on the BSE, according to data available with the bourse.
The company entered the bourses with 48.50 lakh equity shares of Rs 10 each pursuant to the scheme of arrangement.
As per the scheme, the fine chemicals division of Camlin Ltd was transferred to Camlin Fine Chemicals Ltd.
Consequently, Camlin Fine Chemicals allotted one fully paid up equity share of Rs 10 each for one equity share of the same value held in Camlin.
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The scheme of arrangement was approved by the Bombay High Court on November 17, 2006.Camlin Ltd is a leading manufacturer of writing instruments and art material.
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