Medgel Pvt. Ltd. becomes 100% subsidiary of Medi Caps Ltd

Medi Caps Ltd has acquired 27,16,000 Equity Shares of Medgel Pvt. Ltd. due to invocation of pledge of shares of Medgel Pvt. Ltd., on August 28, 2014 a subsidiary Company of the Company, resulting that the Medgel Pvt. Ltd. Has become 100% Wholly owned subsidiary Company of Medicaps Ltd.

Shares of MEDI-CAPS LTD. was last trading in BSE at Rs.11.43 as compared to the previous close of Rs. 11.62. The total number of shares traded during the day was 516 in over 8 trades.

The stock hit an intraday high of Rs. 12.2 and intraday low of 11.25. The net turnover during the day was Rs. 5998.

Source : Equity Bulls

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