Remedium Lifecare to consider acquisition of UAE-based company, board meeting on Sep 4 - Details
The board will also consider foreign currency bonds issue and the acquisition of a company during a meeting scheduled next month.
Pharmaceutical company Remedium Lifecare has informed exchanges that its board will meet on September 4 to consider the acquisition of Airowater Global Trading LLC, UAE. The UAE-based company is in the business of Water Injectables for Pharma Production.
The board will also consider foreign currency bonds issue and the acquisition of a company during a meeting scheduled next month. The meeting was earlier scheduled for September 3.
"The Board Meeting to be held on 03/09/2024 has been revised to 04/09/2024 The Board Meeting to be held on 03/09/2024 has been revised to 04/09/2024 to consider acquisition of AirOWater Global Trading LLC, UAE," the company said in an exchange filing.
Last month, the company's board approved an increase in authorised share capital from Rs 42 crore to Rs 60 crore divided into 60,00,00,000 equity shares of Re 1 each.
"The Authorized Share Capital of the Company is Rs. 60,00,00,000/- (Rupees Sixty Crores Only) divided into 60,00,00,000 (Sixty Crores only) Equity Shares of Re. 1/- (Rupee One only) each," the company said in an exchange filing.
Earlier, the company said that it would take up a proposal for the acquisition of an unlisted company in the speciality chemicals sector with a global footprint. The company said that its board will meet in the first week of August.
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