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Wockhardt Ltd board to consider financial results, fund raising on May 6, 2019

Posted On: 2019-04-19 22:48:05

A meeting of the Board of Directors of Wockhardt Ltd will be held on 6th May, 2019, to consider and approve the Audited Financial Results (Standalone & Consolidated) of the Company for the quarter and year ended 31st March, 2019 and recommend dividend on Preference Shares.

The board will approve raising of funds by issue of Equity Shares, Global Depository Receipts, American depository receipts, Foreign Currency Convertible Bonds, fully convertible debentures, partly convertible debentures, preference shares convertible into Equity Shares, and/ or any other financial instruments convertible into Equity Shares (including warrants, or otherwise, in registered or bearer form) and/ or any security convertible into equity Shares, combination of any of the aforementioned securities by way of one or more public and/ or private offerings, Qualified Institutions Placement and/ or on preferential allotment basis or any combination thereof or any other method as may be permitted under applicable law, subject to consent of the Shareholders at the ensuing Annual General Meeting, and subject to such approvals as may be required, and to approve ancillary actions for the above mentioned fund raising.

The Trading window for dealing in the shares of the Company has been closed from 4th April, 2019 and shall remain closed till 8th May, 2019. The Trading Window shall re-open with effect from 9th May, 2019.

Shares of WOCKHARDT LTD. was last trading in BSE at Rs.439.1 as compared to the previous close of Rs. 453.55. The total number of shares traded during the day was 120477 in over 1806 trades.

The stock hit an intraday high of Rs. 456 and intraday low of 436.8. The net turnover during the day was Rs. 53490973.


Source: Equity Bulls

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