Repro India Limited board approves raising of Rs. 100 crores through QIP

The Board of Directors of Repro India Limited, at their meeting held today i.e. on September 2, 2021, has approved the raising of funds up to an amount of Rs. 100 Crores by way of issuance of equity shares by preferential issue or warrants or Qualified Institutions Placement (QIP) or Debentures, Convertible Debentures preferential offer, follow on Public Offer, Rights Issue etc. or any other instrument, subject to approval of regulatory authorities and approval of Shareholders, Regulatory and / or Statutory Authorities as applicable and constitution of Investment Committee comprising of Mr. Vinod Vohra, Mr. Sanjeev Vohra and Mr. Mukesh Dhruve.

Shares of Repro India Ltd. was last trading in BSE at Rs. 477 as compared to the previous close of Rs. 485.95. The total number of shares traded during the day was 4800 in over 311 trades.

The stock hit an intraday high of Rs. 505 and intraday low of 466. The net turnover during the day was Rs. 2280757.

Source : Equity Bulls

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