Brief: Panacea Biotec Approves One Time Settlement With Consortium Of Lenders Of Co

Panacea Biotec

26/02/2019 12:01

Feb 26 (Reuters) - Panacea Biotec Ltd  PNCA.NS :
    * APPROVED ONE TIME SETTLEMENT WITH CONSORTIUM OF LENDERS OF
CO
    * APPROVED DEMERGER OF REAL ESTATE BUSINESS OF COMPANY
    * APPROVED RAISING OF FUNDS THROUGH ISSUE OF NCDS
AGGREGATING UPTO
8.64 BILLION RUPEES
    * APPROVED RAISING OF FUNDS VIA ISSUE OF WARRANTS BY ISSUING
UP TO
7.1 MILLION WARRANTS OF 180 RUPEES EACH
    * APPROVED TRANSFER OF PHARMACEUTICAL FORMULATIONS BUSINESS
OF CO
TO UNIT OF CO AS A GOING CONCERN

Source text : https://www.bseindia.com/xml-data/corpfiling/AttachLive/5453d301-b95d-4031-baa7-bfd0e1248c54.pdf
Further company coverage:  PNCA.NS 

 ((Reuters.Briefs@thomsonreuters.com;))