Home Health Morepen Laboratories will get board nod to boost as much as Rs 350 cr – ET HealthWorld | Pharma

Morepen Laboratories will get board nod to boost as much as Rs 350 cr – ET HealthWorld | Pharma

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Morepen Laboratories will get board nod to boost as much as Rs 350 cr – ET HealthWorld | Pharma

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New Delhi: Morepen Laboratories on Thursday mentioned its board has accepted to boost as much as Rs 350 crore by way of problem of securities.

The corporate’s board has accepted to boost funds by the use of issuance of fairness shares, convertible preference shares or debentures or different means via a number of certified institutions placement for an combination quantity not exceeding Rs 350 crore, the drug agency mentioned in a regulatory submitting.

The board has additionally accepted convening a rare normal assembly to hunt shareholders’ approval, it added.

Shares of the corporate on Thursday ended 0.19 per cent down at Rs 53.10 apiece on the BSE.

  • Revealed On Feb 23, 2024 at 12:05 PM IST

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