Vivimed Labs Ltd has received the certified true copy of the Order of the Hon'ble Karnataka High Court and Hon'ble Bombay High Court sanctioning the Scheme of Amalgamation which provides for the amalgamation of the wholly owned subsidiaries of the Company, viz., Creative Health Care Private Limited, Octtantis Nobel Labs Private Limited, Klar Sehen Private Limited and Vivimed Labs (Alathur) Private Limited , with the Company pursuant to provisions of Sections 391-394 of Companies Act, 1956.
The said Order shall be filed with the Registrar of Companies within the prescribed timelines. The Company will also submit the requisite documents to the Stock Exchanges as per their respective Observation Letters pursuant in due course.
Shares of VIVIMED LABS LTD. was last trading in BSE at Rs.98.55 as compared to the previous close of Rs. 97.15. The total number of shares traded during the day was 458857 in over 5070 trades.
The stock hit an intraday high of Rs. 102.4 and intraday low of 96.6. The net turnover during the day was Rs. 45587908.