Vivimed Labs Limited has entered, definitive agreements for transfer and sale of its wholly owned subsidiary viz. Vivimed Labs Europe Ltd to Vivimed Specialty Chemicals UK Limited (buyer) which forms part of the Speciality Chemical business of Vivimed Labs Ltd, pursuant to the shareholders resolutions passed through postal ballot notice dated: 23.08.2018.The transaction is supported by foreign institutional investor on behalf of buyer.
Shares of VIVIMED LABS LTD. was last trading in BSE at Rs.15.05 as compared to the previous close of Rs. 14.75. The total number of shares traded during the day was 3561 in over 21 trades.
The stock hit an intraday high of Rs. 15.25 and intraday low of 14.95. The net turnover during the day was Rs. 53793.