Morepen Laboratories stock gains 1% after incorporating a new subsidiary 'Morepen Devices'

Morepen Devices has an authorised share capital of Rs1cr divided into 10 lakh equity shares having a face value of Rs10 each.

Sep 08, 2021 12:09 IST India Infoline News Service

Morepen Laboratories has incorporated a wholly-owned subsidiary named, 'Morepen Devices' to carry on the business of point of care, medical and diagnostic devices.

Morepen Devices has an authorised share capital of Rs1cr divided into 10 lakh equity shares having a face value of Rs10 each.

At around 12.41 PM, Morepen Lab was trading at Rs53.90 per piece up 0.9% on Sensex.

The stock has touched an intraday high and low of Rs54.75 per piece and Rs53.45 per piece respectively. 

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