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Board of Aarey Drugs & Pharmaceuticals approves fund raising up to Rs 30 cr through QIP issue

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Capital Market

At meeting held on 15 December 2017

The Board of Aarey Drugs & Pharmaceuticals at its meeting held on 15 December 2017 approved raising of funds by way of issue of equity shares by way of QIP issue for an aggregate amount of Rs 30 crore and /or convertible warrants aggregating up to Rs 10 crore on preferential basis. The Board also approved resignation of Lalit Tulsiani as the Director of the Company.

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First Published: Dec 15 2017 | 6:24 PM IST

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