Hotline: 1800 102 2007
X
Search Business Opportunities
Dec, 01 2016

Morepen Labs sells 6.42 percent more stake to Pinfold Overseas Ltd

Pinfold Overseas already had 2.14 per cent stake in Morepen, and now it has purchased additional shares through an off-market transaction on November 28, 2016.

Pinfold Overseas, is learnt to have acquired 6.42 percent more stake in Morepen Laboratories, a pharmaceutical firm.

As per the reports published by PTI, Pinfold Overseas already had 2.14 per cent stake in Morepen, and now it has purchased additional shares through an off-market transaction on November 28, 2016.

In a filing, Morepen said to BSE that Pinfold Overseas has acquired around 2,88,97,500 shares amounting to 6.42 per cent of the total shares.

After the acquisition, the holding of the acquirer has gone up to 8.56 per cent, it added. The acquirer does not belong to the promoter group, Morepen Laboratories said.

The stock of Morepen Laboratories today closed at Rs 23.95 on BSE, up 9.36 per cent from its previous close.

Comment
image
Related opportunities
  • Robotics & Technical Training
    About Us : We would like to introduce ourselves as an..
    Locations looking for expansion Maharashtra
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Quick Service Restaurants
    About Us: Inspired by their sojourns across various countries in South..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 700
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Gardening services
    About Us: Started in 2013, with a dream to convert concrete..
    Locations looking for expansion Rajasthan
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • Florists
    About Us: Casafleur is a popular florist brand from Delhi that..
    Locations looking for expansion New Delhi
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
Insta-Subscribe to
Entrepreneur
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities