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Board of Shilpa Medicare approves raising of funds up to Rs 175 crore

Capital Market 

At meeting held on 01 December 2016

announced that the Board of Directors of the Company at its meeting held on 01 December 2016 approved the raising of funds up to Rs 175 crore by issuing equity shares on preferential basis to TA FII Investors, Mauritius at a price of Rs 570 per share of Re 1 each. The Board also proposed to increase the shareholding limit for FIIs'/ FPI and Registered Foreign Investors with SEBI, to 40% from the existing limit of 30%.

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(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Board of Shilpa Medicare approves raising of funds up to Rs 175 crore

At meeting held on 01 December 2016

At meeting held on 01 December 2016

announced that the Board of Directors of the Company at its meeting held on 01 December 2016 approved the raising of funds up to Rs 175 crore by issuing equity shares on preferential basis to TA FII Investors, Mauritius at a price of Rs 570 per share of Re 1 each. The Board also proposed to increase the shareholding limit for FIIs'/ FPI and Registered Foreign Investors with SEBI, to 40% from the existing limit of 30%.

Powered by Capital Market - Live News

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Board of Shilpa Medicare approves raising of funds up to Rs 175 crore

At meeting held on 01 December 2016

announced that the Board of Directors of the Company at its meeting held on 01 December 2016 approved the raising of funds up to Rs 175 crore by issuing equity shares on preferential basis to TA FII Investors, Mauritius at a price of Rs 570 per share of Re 1 each. The Board also proposed to increase the shareholding limit for FIIs'/ FPI and Registered Foreign Investors with SEBI, to 40% from the existing limit of 30%.

Powered by Capital Market - Live News

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22