Hester Biosciences to get grant of Rs60 crore from BIRAC; Stock climbs over 2.5%

8 Apr 2022 , 09:16 AM

Hester Biosciences Ltd has informed that Board of Directors, in their Meeting held on Thursday, have approved the execution of Grant-in-Aid Letter Agreement for grant of Rs60 crore (in phased manner) to the Company by Biotechnology Industry Research Assistance Council (BIRAC), a Government of India Enterprise to support COVID vaccine manufacturing under Mission Covid Suraksha.

As per regulatory filing, the Board Meeting commenced at 3:00 p.m. (IST) and concluded at 3:22 p.m. (IST).

On Friday early morning trade, Hester Biosciences was trading at Rs2789.80 per piece higher by 2.56% on Sensex.