Board of Hester Biosciences approves fund raising from equity issue and borrowings

At meeting held on 10 August 2018

The Board of Hester Biosciences at its meeting held on 10 August 2018 as approved the following -

The Board of Directors declared 1st interim dividend of 20% that is Rs 2.00 per equity share on the face value of Rs 10 (ten) per share, for the financial year 2018-19.

Approved issuance of equity shares, and/or equity linked securities and/or securities convertible into equity shares through Qualified Institutional Placement (QIP) or preferential allotment for an amount not exceeding Rs 100 crore, subject to approval of members.

Approved borrowings as a loan to the extent of US Dollar 10 million under External Commercial Borrowing (ECB) as per guidelines issued by Reserve Bank of India.

 

Powered by Capital Market - Live News