Brief: Parenteral Drugs approves disinvestment of equity shares held in its non-operational units

Parenteral Drugs (India)

30/12/2015 08:08

Dec 30 (Reuters) - Parenteral Drugs India Ltd  PADG.NS : 
 * Approved the disinvestment of equity shares held by the company in its 
   non-operational subsidiary companies 
 * Accorded its in-principle approval to declare co's non-working units as 
   defunct company as there is no business in those units 
 
 * Source text: 
Parenteral Drugs India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 30, 2015, inter-alia, considered and approved the disinvestment of equity shares held by the Company in its non-operational Subsidiary Companies i.e. Parentech Healthcare Limited and Parenteral Surgicals Limited as the same are loss making companies, and accorded its in-principle approval to declare the non-working Subsidiaries of the company i.e. Abhay Drugs Limited, Anjaney Pharmaceuticals Limited, Parenteral Biotech Limited and Parenteral Impex Limited as Defunct Company as there is no business in these Subsidiary companies and other items as per agenda of the meeting 
 
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