Ipca Labs Board of Directors meeting held on 17 September, 2011,

Ipca Labs Board of Directors meeting held on 17 September, 2011, has authorized the merger of Tonira Pharma Ltd with the Firm with effect from 01 April, 2011 via a Plan of Merger.

Responding to this stocks of the Firm raised more than 2percent, hitting the day’s high of Rs 283.10. Until now, more than 4,297 stocks have exchanged on the Bombay Stock Exchange as against the couple of week avg volume of 16,620 stocks.

The plan envisages an trade ratio of 6 equity stocks of Rs 2 each of Ipca Labs for every 100 equity stocks of Rs 10 each of Tonira Pharma, it included. The planned plan of Merger will be subject to all important authorizations and approvals, as may be required.

Be Sociable, Share!
Tags: ,

Stock Market Basics For Beginners

Invest Regularly

Invest Regularly Invest Regularly : Improve the practice of adding to your recurring deposit and SIP (systematic investment plan of mutual fund) / deferred annuity ...…

Role Of Primary Market

Role Of Primary Market The primary market's offers the route for sale of fresh securities. Primary market offers chance to companies of securities; Govt as well as corporates, to ...…

The Equity Market

The Equity Market The Indian Equity Market is more commonly known as the Indian share Market. The Indian stock (share) market has become the third biggest after China ...…

What Is a Discount Price?

What Is a Discount Price? Securities are usually released in denominations of Rs 15, 30 or 200. This is called as a Face Value and when it is sold below ...…

Annual Report

Annual Report Annual Report Created by the Company directors to its shareholders at the conclusion of every accounting years, Annual Report that contains Directors  statement outlining overview ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV