The Board of Directors of Morepen Laboratories Ltd, in their meeting held on Thursday, 19th September, 2019 subject to approval of members of the Company, considered and approved the issue and allotment in aggregate up-to 3,70,00,000 Warrants for an aggregate amount of up-to Rs. 74,00,00,000/- (Rupees Seventy-Four Crore Only), convertible into 3,70,00,000 Equity Shares of Rs. 2/- (Rupees Two Only) each, at a price not less than the price determined in accordance with the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2018 ('ICDR Regulations') to promoter group entity(ies) on a preferential basis.
Shares of MOREPEN LABORATORIES LTD. was last trading in BSE at Rs.17.15 as compared to the previous close of Rs. 18.25. The total number of shares traded during the day was 104689 in over 232 trades.
The stock hit an intraday high of Rs. 18.45 and intraday low of 17.05. The net turnover during the day was Rs. 1867641.