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Woman Director in Nectar Lifesciences’ Board

The company has appointed Ms. Guljit Chaudhri as an Additional Independent Director of the Company with effect from December 29, 2015. The appointment shall also comply the requirement of appointment of Woman Director as per the provisions of Companies Act, 2013 and Listing Regulations.

December 29, 2015 11:29 IST | India Infoline News Service
Shares of Nectar Lifesciences are currently trading 0.44% lower at Rs. 56.75 on BSE.

The company has appointed Ms. Guljit Chaudhri as an Additional Independent Director of the Company with effect from December 29, 2015. The appointment shall also comply the requirement of appointment of Woman Director as per the provisions of Companies Act, 2013 and Listing Regulations.

“She will hold the office upto the date of next annual general meeting, in which she will be eligible, for appointment as a regular Independent Director, subject to compliance of necessary formalities in this regard,” said the company in a BSE filing.

The scrip opened at Rs. 57.2 and has touched a high and low of Rs. 57.8 and Rs. 56.35 respectively. So far 315355(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1278.51 crore.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 60.9 on 08-Dec-2015 and a 52 week low of Rs. 27 on 27-Feb-2015. Last one week high and low of the scrip stood at Rs. 58 and Rs. 55.8 respectively.

The promoters holding in the company stood at 44.35 % while Institutions and Non-Institutions held 14.36 % and 20.78 % respectively.

The stock is currently trading below its 50 DMA.

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