Panacea Biotec Ltd seeks approval for raising funds

Panacea Biotec Ltd is conducting Postal Ballot for obtaining approval of members for passing special resolution in relation to raising of funds by way of issue of equity shares and/or other securities for an amount upto Rs.250 Crore.

The Notice is being dispatched to the shareholders of the Company whose names appear in the Register of Members of the Company as on the cut-off date i.e. September 15, 2017 and the same is being sent to the members of the company through e-mail / post.

The Company has also provided remote e-voting facility to the members to vote electronically through e-voting platform provided by NSDL. The facility to exercise vote by Postal Ballot including remote e-voting will be available from the period Sunday, September 24, 2017 (09:00 A.M. IST) to Monday, October 23, 2017 (05:00 P.M. IST).

Shares of PANACEA BIOTEC LTD. was last trading in BSE at Rs.221.3 as compared to the previous close of Rs. 233.75. The total number of shares traded during the day was 15252 in over 360 trades.

The stock hit an intraday high of Rs. 233.1 and intraday low of 218.7. The net turnover during the day was Rs. 3449768.

Source : Equity Bulls

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