Shilpa Medicare Limited approves preferential allotment to investors

The Board of Directors ("Board") of Shilpa Medicare Limited approved, at their meeting held today i.e on 14th October, 2021, subject to the approval of members, for raising of funds up to Rs.297.51 Crores by issuing equity shares of 52,75,000 Equity Shares of Rs.1/- each at a price of Rs. 564/- Per Share (i.e. at a premium of Rs.563/-) on preferential basis to the below investors:

Malabar India Fund Limited - 6,20,567 shares.
Malabar Select Fund - 6,20,567 shares
Malabar Midcap Fund - 83,866 shares
Think India Opportunities Master Fund LP - 17,50,000 shares
Blue Daimond Properties Private Limited - 16,00,000 shares
Mr. Madhusudan Murlidhar Kela - 200,000 shares
Ohm Core Investment Corp - 200,000 shares
Hypnos Fund Limited - 200,000 shares

Shares of Shilpa Medicare Limited was last trading in BSE at Rs. 639.10 as compared to the previous close of Rs. 646.90. The total number of shares traded during the day was 43946 in over 2383 trades.

The stock hit an intraday high of Rs. 657.95 and intraday low of 624.65. The net turnover during the day was Rs. 28062089.00.

Source : Equity Bulls

Keywords

ShilpaMedicare INE790G01031 Pharmaceuticals PreferentialAllotment MadhuKela MalabarIndiaFund