Shilpa Medicare Ltd allots 30,25,000 shares at Rs. 570

The Board of Directors of Shilpa Medicare Ltd, at their meeting held on December 26, 2016, allotted 30,25,000 (Thirty Lakh Twenty Five Thousand) equity share of Re. 1/- each at a premium of Rs.569/- per share in the name of TA FII Investors Limited, IFS Court, Bank Street, Twenty Eight, Cybercity Ebene 72201, Mauritius pursuant to the resolution passed by the shareholders at their Extra-Ordinary General Meeting held on 26th December, 2016 and in-principal approvals received from BSE Limited (Dt:8th December, 2016) National Stock Exchange of India Limited (Dt.23rd December, 2016).

The Company has further intimate that Mr.Naresh Patwari has been co-opted as an Additional (non-executive and non-independent) Director of the Company, being the nominee of TA FII Investors Limited with effect from this date, subject to regularization by shareholders at the ensuing annual general meeting of the Company in accordance with the requirements of the Companies Act, 2013.

Shares of SHILPA MEDICARE LTD. was last trading in BSE at Rs.692.4 as compared to the previous close of Rs. 755.1. The total number of shares traded during the day was 24715 in over 1700 trades.

The stock hit an intraday high of Rs. 765.8 and intraday low of 684.1. The net turnover during the day was Rs. 17633040.

Source : Equity Bulls

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