HPC Biosciences board to withdraw application for Right Issue

HPC Biosciences Ltd has announced that the Board of Directors of the Company in its meeting held on January 14, 2015 approved the Split of Equity Shares of the Company having face value of Rs. 10/- each into Rupee 1/- each.

Jan 27, 2015 10:01 IST India Infoline News Service

HPC Biosciences Ltd has announced that the Board of Directors of the Company in its meeting held on January 14, 2015 approved the Split of Equity Shares of the Company having face value of Rs. 10/- each into Rupee 1/- each. Further, they decided to withdraw the application for Right Issue filed with BSE through Draft Letter of Offer dated June 11, 2014.

The Company have also intimated to its Merchant Banker "Choice Capital Advisors Private Limited" regarding the withdrawal dated January 19, 2015 and received No-Objection Certificate from the same dated January 21, 2015.

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