Aspira Pathlab & Diagnostics Ltd board approves preferential issue at Rs. 26

The board of directors of the Company (the "Board") at its meeting held on August 21, 2019, subject to the approval of the shareholders of the Company, has approved the issue and allotment of up to 38,00,000 (Thirty Eight Lakhs) Equity Shares of face value of INR 10/- each, at an issue price Rs. 26 (Rupees Twenty Six) including premium of Rs. 16 (Rupees Sixteen) to strategic investors not forming part of promoter or promoter group, on a preferential basis, on terms and conditions as approved by the Board.

The shareholders approval will be sought for the above issue of shares at the Annual General Meeting of the Members of the Company scheduled to be held on 21st September, 2019.

Source : Equity Bulls

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