Torrent Pharmaceuticals Ltd to consider fund raising proposal on Jan 25, 2018

A meeting of the Board of Directors of Torrent Pharmaceuticals Ltd will be held on Thursday, 25th January, 2018, to consider the proposal for raising of funds by way of issue of Equity shares including Convertible Bonds / Debentures through Qualified Institutional Placements (QIP) and / or Depository Receipts or any other modes.

The Board will consider issue of Unsecured / Secured Redeemable Non-Convertible Debentures / Bonds by way of Private Placement.

If approved by the Board of Directors, the Postal Ballot shall be held to take Shareholder's approval for the same.

Shares of TORRENT PHARMACEUTICALS LTD. was last trading in BSE at Rs.1448.5 as compared to the previous close of Rs. 1419.35. The total number of shares traded during the day was 12481 in over 1020 trades.

The stock hit an intraday high of Rs. 1472.75 and intraday low of 1420. The net turnover during the day was Rs. 18061276.

Source : Equity Bulls

Keywords