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The price band of the offer has been fixed at Rs 265 to Rs 274 per equity share. Bids can be made for a minimum of 54 equity shares and in multiples of 54 equity shares thereafter.
Shareholders also approved 50 million fully convertible warrants a promoter group company Liquid Holdings at Rs 38 per warrant/ share aggregating up to Rs190 crores for cash to be converted into equity within 18 months.
The Board of Directors of Morepen Laboratories approved the investment proposed by Corinth Group, a global private investment group headquartered in Switzerland, to the extent of $32.50 million in the parent company, Morepen Laboratories ...
Specialty chemical manufacturing company Tatva Chintan Pharma Chem has filed preliminary papers with Sebi to raise Rs 450 crore through an initial share sale.
Markets regulator Sebi said it would take action against pharma companies if they are found not sharing information on material events like inspections and reports by the US FDA.