Shasun Pharma plans issue of shares to PEs

Last Updated: Fri, Feb 24, 2012 03:52 hrs

Shasun Pharmaceuticals Ltd has informed the Bombay Stock Exchange that its board of directors would meet on February 27, 2012, to consider issue of equity shares on a preferential basis to private equity investor, subject to the approval of shareholders. According to earlier reports, the company management has been looking to raise funds from private equity firms for its operational expenses.

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