Zenotech Laboratories Ltd to open rights issue on June 30, 2017

The Rights Issue Committee of the Board of Directors (the 'Committee') of Zenotech Laboratories Ltd in its meeting held on today, i.e. Wednesday, June 21, 2017 has finalized the Issue opening and the Issue closing dates, including the last date of receipt of Split Application Forms with respect to the rights issue of the Company.

Further, the Committee has also approved the Letter of Offer for filing with BSE Limited and Securities and Exchange Board of India, the Abridged Letter of Offer and Composite Application Form to be sent to eligible shareholders of the Company.

The rights issue opens for subscription on Friday, June 30, 2017 and closes on Friday, July 14, 2017. The last date for receiving requests for split application forms is Friday, July 7, 2017.

Shares of ZENOTECH LABORATORIES LTD. was last trading in BSE at Rs.48.55 as compared to the previous close of Rs. 49.5. The total number of shares traded during the day was 101 in over 2 trades.

The stock hit an intraday high of Rs. 48.6 and intraday low of 48.55. The net turnover during the day was Rs. 4908.

Source : Equity Bulls

Keywords