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Hester Biosciences Ltd board to consider fund raising through issue of equity shares

Posted On: 2019-12-13 18:17:28

A Meeting of the Board of Directors of Hester Biosciences Ltd will be held on Wednesday, 18 December 2019 at 10.30 a.m. at its Registered Office at 1st Floor, Pushpak, Panchvati Circle, Motilal Hirabhai Road, Ahmedabad 380006, to consider and approve the proposal of raising of funds by way of issue of equity shares, and/or equity linked securities and/or securities convertible into equity shares through Qualified Institutional Placement (QIP) or preferential allotment, subject to the receipt of necessary approvals.

For the above said proposal of raising of funds, if approved by the Board, shareholders approval will be obtained through Postal Ballot or such other mode, as to be decided by the Board members.

Shares of HESTER BIOSCIENCES LTD. was last trading in BSE at Rs.1550.5 as compared to the previous close of Rs. 1555.45. The total number of shares traded during the day was 171 in over 46 trades.

The stock hit an intraday high of Rs. 1560 and intraday low of 1496.1. The net turnover during the day was Rs. 262698.


Source: Equity Bulls

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