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Outcome of board meeting of Astec Lifesciences

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Capital Market
Last Updated : Dec 19 2014 | 9:05 PM IST

Held on 19 December 2014

Astec Lifesciences announced that the Board of Directors of the Company at its meeting held on 19 December 2014 has approved the following -

Issue and allotment of such number of equity shares of Rs 10 each fully paid up at Rs 108 per share (including premium of Rs 98 per share) by way of preferential allotment on cash basis for an aggregate consideration of Rs 10 crore.

Borrowing upto a limit of Rs 150 crore.

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First Published: Dec 19 2014 | 2:44 PM IST

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