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Board of Fredun Pharmaceuticals approves issue of preference shares

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Capital Market
Last Updated : Jun 20 2017 | 8:01 PM IST

At meeting held on 20 June 2017

The Board of Directors of Fredun Pharmaceuticals at its meeting held on 20 June 2017 approved to issue compulsorily convertible preference share aggregating Rs 2.50 crore to eligible investors. The Board also considered option to purchase the three plots owned by Fredna Enterprises and the structures thereon to the Palghar Factory of the Company, which the Company is currently using as per the leave and licence agreement.

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First Published: Jun 20 2017 | 7:47 PM IST

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