Morepen Laboratories Limited board to consider fund raising on April 28, 2021

A meeting of the Board of Directors of Morepen Laboratories Limited ("Company") is scheduled to be held on Wednesday, April 28, 2021, to consider and approve proposals for raising of funds, through one or more modes including further public offer / right issue / preferential issue of equity shares / warrants / fully or partly convertible instruments to public, investors, Indian or foreign institution(s), body corporate including overseas corporate body(ies), NRI, foreign portfolio investor(s), promoters, promoter group and/or other entities, subject to such regulatory, statutory / other approvals, as may be required.

The trading window is already closed. The Designated Persons shall not trade in Company's shares / securities.

Shares of MOREPEN LABORATORIES LTD. was last trading in BSE at Rs.49.95 as compared to the previous close of Rs. 52.05. The total number of shares traded during the day was 3693037 in over 11116 trades.

The stock hit an intraday high of Rs. 55.4 and intraday low of 49.25. The net turnover during the day was Rs. 192125920.

Source : Equity Bulls

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