Venus Remedies Ltd withdraws preferential issue

The Board of Directors of Venus Remedies Ltd at its meeting held on June 24, 2016, has considered that in the light of the delay in some pending permissions, the Board has decided to withdraw the proposal of Preferential Allotment of 9,00,000 equity shares of Rs. 10/- each approved at AGM held on August 25, 2015 with liberty to consider a fresh proposal of allotment of shares at an appropriate stage by placing the same before the general meeting.

Shares of VENUS REMEDIES LTD. was last trading in BSE at Rs.76.05 as compared to the previous close of Rs. 79.35. The total number of shares traded during the day was 9776 in over 200 trades.

The stock hit an intraday high of Rs. 77.7 and intraday low of 72.8. The net turnover during the day was Rs. 736392.

Source : Equity Bulls

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