Panacea Biotec Ltd to consider raising Rs. 250 crores

A meeting of the Board of Directors of Panacea Biotec Ltd will be held on August 01, 2014, to consider and approve the Unaudited Financial Results (Provisional) for the quarter ended June 30, 2014 and raising of funds by way of issue of securities aggregating upto Rs. 250 Crore or equivalent thereof in any currency.

The trading window of the Company shall remain closed for the promoters, directors, officers and designated employees of the Company from July 23, 2014 to August 02, 2014 (both days inclusive) in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 1992 read with the Company's Code of Conduct for Prevention of Insider Trading.

Shares of PANACEA BIOTEC LTD. was last trading in BSE at Rs.161.9 as compared to the previous close of Rs. 169.75. The total number of shares traded during the day was 10122 in over 406 trades.

The stock hit an intraday high of Rs. 169 and intraday low of 160. The net turnover during the day was Rs. 1640296.

Source : Equity Bulls

Keywords