|
The Board of Morepen Laboratories at its meeting held on 28 April 2021 has approved issue and allotment of up to 10,85,00,000 equity shares of face value of Rs 2 each on preferential basis as under:
1) Up to 5 crore equity shares to Liquid Holdings, an entity that belongs to the Promoter Group of the Company, at a price of Rs. 38 per equity share, for an aggregate amount up to Rs. 190 crore.
2) Up to 5.85 crore equity shares to Corinth Investment Holdings AG, a Switzerland based entity, that belongs to the public category, at a price of Rs 41.60 per equity share, for an aggregate amount up to Rs 243.36 crore.
|