Remedium Lifecare Ltd board to consider preferential issue to raise Rs. 100 crores

A meeting of the Board of Directors of Remedium Lifecare Ltd is scheduled on 20/05/2021, to consider and approve the appointment of Mr. Vilas Lokhande (DIN: 01228041) as a Whole Time Director of the Company for a period of 3 years w.e.f. 20.05.2021 subject to the approval of the shareholders at the ensuing Annual General Meeting of the company and take on record the resignation of Mr. Siddharth Shah (DIN: 01343122) from the position of the Managing Director of the Company.

The board will consider the raising of funds by issue of shares on a preferential basis or by way of qualified institutions placement up to INR 100 crores and any other matter with the permission of the chair.

Shares of Remedium Lifecare Ltd was last trading in BSE at Rs.80.05 as compared to the previous close of Rs. 76.25. The total number of shares traded during the day was 7156 in over 43 trades.

The stock hit an intraday high of Rs. 80.05 and intraday low of 79.1. The net turnover during the day was Rs. 572509.

Source : Equity Bulls

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