Morepen Laboratories Limited approves term loan facility from Shinhan Bank

The Finance Committee of the Board of Directors of Morepen Laboratories Limited at its meeting held today i.e., Saturday, March 29, 2025 (commenced at 1.30 p.m. concluded at 2.10 p.m.) has approved, term loan facility from Shinhan Bank ('the Bank'), to the extent of Rs. 25,00,00,000/- (Rupees Twenty-Five Crores Only) and entered into a 'Loan Agreement' with the Bank.

Shares of Morepen Laboratories Limited was last trading in BSE at Rs. 47.85 as compared to the previous close of Rs. 48.54. The total number of shares traded during the day was 252670 in over 1563 trades.

The stock hit an intraday high of Rs. 49.82 and intraday low of 47.61. The net turnover during the day was Rs. 12273047.00.

Source : Equity Bulls

Keywords

MorepenLaboratories INE083A01026 LoanFacility LoanAgreement ShinhanBank