Consequently, the share price has slipped by Rs 57 during the day. Despite the huge fall in the market price, share trading worth Rs 37.5 million was recorded throughout the day.
In the day a total of 40,611 units of shares were traded of the company.
The selling pressure of the stock has been hit by the company's decision of converting 10 percent of promoter shares into ordinary shares.
Investors are presuming a huge decline in the share price once the supply of ordinary shares increases following the conversion.
