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Shukra Pharmaceuticals Ltd board approves rights issue



Posted On : 2022-08-25 21:30:00( TIMEZONE : IST )

Shukra Pharmaceuticals Ltd board approves rights issue

The Board of Directors of Shukra Pharmaceuticals Ltd has considered and approved raising of funds by way of offer and issue of equity shares to the existing members of the Company on rights basis (Rights Issue), at such price and right entitlement ratio as may be decided by the Board, for an amount aggregating up to Rs. 19 crores, subject to necessary approvals and consent as may be necessary.

The board also approved appointment of GYR Capital Advisors Private Limited (Merchant Banker) as lead manager to carry out all the obligation with the right issue of equity shares and seek listing permission from BSE.

Source : Equity Bulls

Keywords

ShukraPharmaceuticals RightsIssue FundRaising