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Panacea Biotec gains on planning to raise Rs 250 crore

26 Sep 2017 Evaluate

Panacea Biotec is currently trading at Rs. 216.60, up by 0.70 points or 0.32% from its previous closing of Rs. 215.90 on the BSE.

The scrip opened at Rs. 214.00 and has touched a high and low of Rs. 222.00 and Rs. 214.00 respectively. So far 6303 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 265.55 on 12-Sep-2017 and a 52 week low of Rs. 103.00 on 21-Nov-2016.

Last one week high and low of the scrip stood at Rs. 256.45 and Rs. 205.60 respectively. The current market cap of the company is Rs. 1344.76 crore.

The promoters holding in the company stood at 74.60%, while institutions and non-institutions held 0.08% and 25.32% respectively.

Panacea Biotec is planning to raise Rs 250 crore by way of issue of equity shares and/or other securities. In this regards, the company is conducting Postal Ballot for obtaining approval of members for passing special resolution.

The Notice is being dispatched to the shareholders of the Company whose names appear in the Register of Members of the Company as on the cut-off date i.e. September 15, 2017 and the same is being sent to the members of the company through e-mail / post.

The company has also provided remote e-voting facility to the members to vote electronically through e-voting platform provided by NSDL.

Panacea Biotec is a leading biotechnology company with established research, manufacturing and marketing capabilities. It is one of the largest vaccine producers and leading Biotechnology Companies in India.

Panacea Biotec Share Price

358.00 5.30 (1.50%)
17-Apr-2026 16:59 View Price Chart
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