Natco Pharma: Outcome of board meeting

Oct 19, 2013, 03.47 PM IST

Natco Pharma at its meeting held on October 19, 2013 had considered the proposal to issue of equity shares of 24,00,000 of Rs 10/- each on preferential allotment basis and the proposal to increase in the limit of shareholding by NRI/ PIO and registered foreign institutional investors (FIIs) upto 24/49 percent of the paid up capital of the company.

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Natco Pharma: Outcome of board meeting

Natco Pharma at its meeting held on October 19, 2013 had considered the proposal to issue of equity shares of 24,00,000 of Rs 10/- each on preferential allotment basis and the proposal to increase in the limit of shareholding by NRI/ PIO and registered foreign institutional investors (FIIs) upto 24/49 percent of the paid up capital of the company.

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Natco Pharma: Outcome of board meeting

Natco Pharma at its meeting held on October 19, 2013 had considered the proposal to issue of equity shares of 24,00,000 of Rs 10/- each on preferential allotment basis and the proposal to increase in the limit of shareholding by NRI/ PIO and registered foreign institutional investors (FIIs) upto 24/49 percent of the paid up capital of the company.

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Natco Pharma Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 19, 2013,had considered the following items:1. Proposal to issue of equity shares of 24,00,000 of Rs. 10/- each on preferential allotment basis.2. Proposal to increase in the limit of shareholding by NRI/ PIO and Registered Foreign Institutional Investors (FIIs) upto 24/49% of the paidup capital of the Company.To consider the above, Board convened Extraordinary General Meeting of the Members on November 14, 2013 at 10.00 a.m. at Natco House, Road No. 2, Banjara Hills, Hyderabad - 500 034.Source : BSE

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