Vivimed Labs to increase authorized share capital

Vivimed Labs Ltd has announced that the Board of Directors of the Company at its meeting held on August 28, 2006, has considered for acquisition of a speciality chemical’s company and has authorized the Chairman Managing Director Mr Santosh Varalwar to discuss the terms of acquisition the final approval to be taken up at subsequent Board Meeting and also decided to include in the notice of the Annual General Meeting to increase the Authorized Share Capital from 11,00,00,000/- to 15,00,00,000/- as a Special Business.

Source : Equity Bulls

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