Hester Biosciences Ltd to raise upto Rs. 75 crores

The Board of Directors of Hester Biosciences Ltd at its meeting held on June 29, 2016, has decided to obtain enabling approvals, from the shareholders for 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 INR 75 crore. Further members approval shall be obtained in forthcoming Annual General Meeting for this matter.

Shares of HESTER BIOSCIENCES LTD. was last trading in BSE at Rs.750.55 as compared to the previous close of Rs. 765.9. The total number of shares traded during the day was 4191 in over 596 trades.

The stock hit an intraday high of Rs. 787 and intraday low of 732. The net turnover during the day was Rs. 3210546.

Source : Equity Bulls

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