SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Morepen Laboratories surges on approving Rs 433 crore incoming investment from Corinth and promoters

21 May 2021 Evaluate

Morepen Laboratories is currently trading at Rs. 59.25, up by 1.75 points or 3.04% from its previous closing of Rs. 57.50 on the BSE.

The scrip opened at Rs. 58.80 and has touched a high and low of Rs. 59.90 and Rs. 58.45 respectively. So far 62456 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 72.05 on 04-May-2021 and a 52 week low of Rs. 15.50 on 22-May-2020.

Last one week high and low of the scrip stood at Rs. 60.60 and Rs. 54.70 respectively. The current market cap of the company is Rs. 2586.50 crore.

The promoters holding in the company stood at 34.54%, while Institutions and Non-Institutions held 3.57% and 61.89% respectively.

Morepen Laboratories has approved incoming investment of Rs 433 crore in the Extra-Ordinary General Meeting (EGM) of the company. The members approved the issue and allotment of 58.50 million equity shares for cash to Corinth Investment Holdings AG, Switzerland at Rs.41.60 per share aggregating to Rs 243.36 crore.

Shareholders also approved 50 million fully convertible warrants a promoter group company Liquid Holdings at Rs 38 per warrant/ share aggregating up to Rs 190 crore for cash to be converted into equity within 18 months, within the limits prescribed in SEBI (SAST) Regulations for acquisition of share/ voting rights in a financial year. The issue price of aforesaid securities is derived as per pricing formula prescribed by SEBI in SEBI (ICDR) Regulations. The meeting of the shareholders of the company was held on May 20, 2021 through video conferencing and other audio-visual means.

This is a milestone for the company as this approval paves the way to drive exponential growth and create value for all stakeholders. This EGM was the next step for inclusion of Corinth Group, a global private investment Group, headquartered in Switzerland, which announced and extended $32.50 million in Morepen Laboratories, out of a total $100 million investment in the promoter group. 

Morepen Laboratories is a well-known pharma company having well equipped Research & Development Centre and is all set to seize the Generic revolution in pharma industry, by filing multiple DMFs and COS for new APIs.

Morepen Laboratories Share Price

41.35 -0.57 (-1.36%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1668.00
Dr. Reddys Lab 1232.25
Cipla 1228.90
Zydus Lifesciences 936.35
Lupin 2328.60
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×