Board Meeting29 Sept 2026, 04:23 pm
Bharat Parenterals Approves Preferential Allotment of 9.12 Lakh Shares
AI Summary
Bharat Parenterals Ltd's Board of Directors has approved a preferential allotment of up to 9,12,759 equity shares at ₹1522.85 per share, aggregating ₹138.99 crore. This allotment is to non-promoter investors for cash consideration and is subject to shareholder and regulatory approvals. The company also discussed investments in subsidiaries and will convene an EGM on October 23, 2026, to seek shareholder consent for the preferential issue. The board meeting took place today, concluding at 4:00 PM.
Key Highlights
- Board approves preferential allotment of 9,12,759 equity shares.
- Total consideration for the allotment is ₹138.99 crore.
- Issue price fixed at ₹1522.85 per equity share.
- Shareholder approval to be sought at EGM on October 23, 2026.
- Company also discussed investments in subsidiaries.
Price Impact
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