Shilpa Medicare to raise Rs 175 crore via equity; shares up 3%

The company's board at its meeting held on December 1, has approved the raising of funds upto Rs 175 crore by issuing equity shares on preferential basis to TA FII Investors, Mauritius at a price of Rs 570 per share.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap SME Special
Moneycontrol

Home » News » Buzzing Stocks

Dec 02, 2016, 09.39 AM | Source: Moneycontrol.com

Shilpa Medicare to raise Rs 175 crore via equity; shares up 3%

The company's board at its meeting held on December 1, has approved the raising of funds upto Rs 175 crore by issuing equity shares on preferential basis to TA FII Investors, Mauritius at a price of Rs 570 per share.

Like this story, share it with millions of investors on M3

Shilpa Medicare to raise Rs 175 crore via equity; shares up 3%

The company's board at its meeting held on December 1, has approved the raising of funds upto Rs 175 crore by issuing equity shares on preferential basis to TA FII Investors, Mauritius at a price of Rs 570 per share.

Post Your Comments

Share Cancel

Moneycontrol Bureau

Shares of  Shilpa Medicare added 3.7 percent intraday Friday on approval of fund raising and on proposal to hike FII investment limit.

The company at its meeting held on December 1, has approved the raising of funds upto Rs 175 crore by issuing equity shares on preferential basis to TA FII Investors, Mauritius at a price of Rs 570 per share.

The board has also proposed to increase the investment limit for FIIs'/FPIs and registered foreign investors to 40 percent from the existing limit of 30 percent, subject to approval by shareholders.

The company's extra ordinary general meeting (EGM) will be held on December 26, 2016.

At 09:32 hrs Shilpa Medicare was quoting at Rs 666.30, up Rs 7.00, or 1.06 percent on the BSE.

Posted by Rakesh Patil
Buy, Hold, Sell ? Hear it first on M3
Shilpa Medicare to raise Rs 175 crore via equity; shares up 3%

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login