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Board of Hester Biosciences approves fund raising from equity issue and borrowings

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Capital Market
Last Updated : Aug 10 2018 | 11:16 AM IST

At meeting held on 10 August 2018

The Board of Hester Biosciences at its meeting held on 10 August 2018 as approved the following -

The Board of Directors declared 1st interim dividend of 20% that is Rs 2.00 per equity share on the face value of Rs 10 (ten) per share, for the financial year 2018-19.

Approved issuance of equity shares, and/or equity linked securities and/or securities convertible into equity shares through Qualified Institutional Placement (QIP) or preferential allotment for an amount not exceeding Rs 100 crore, subject to approval of members.

Approved borrowings as a loan to the extent of US Dollar 10 million under External Commercial Borrowing (ECB) as per guidelines issued by Reserve Bank of India.

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First Published: Aug 10 2018 | 11:02 AM IST

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