Panacea Biotec board to consider fund raising proposal on Feb 1; Stock gains 1%

27 Jan 2022 , 09:47 AM

Panacea Biotec Limited has informed that a meeting of the Board of Directors will be held on Tuesday, February 01, 2022 at New Delhi to consider and approve the proposal of raising funds in such manner and on such terms as may be decided by the Board of Directors of the Company and / or its subsidiary company, subject to such regulatory / statutory approvals as may be required.

Further, the Board would also consider convening Extra-ordinary General Meeting of its shareholders for seeking their approval, said Company in a regulatory filing.

At around 9:48 AM, Panacea Biotec was trading at Rs212 per share up by Rs2.5 or 1.19% against previous closing of Rs209.50 per share on the BSE. The current market cap of the company is Rs1,283.20cr.