Aurobindo Pharma to transfer Rs 18 Cr
Aurobindo Pharma is going to transfer Rs 18 crore to reconstruction reserve account. The company will transfer Rs 9 crore from capital redemption reserve account and Rs 9 crore from capital reserve account. The reconstruction reserve account will be used for any abnormal expenditure.The company also intends to buyback outstanding $ 200 million FCCBs, which will mature in May, 2011. Earlier, the company has entered into licensing agreements with Pfizer.
Aurobindo Pharm stock touched an intra day high of Rs 188 and an intra day low of Rs 172.65 and at 14:56 PM, the share was quoting at Rs 186.05, up Rs 11.90, or 6.83%, trading with volumes of 87,592 shares, compared to its 5-day average of 27,222 shares, an increase of 221.77%.
No related posts.
Subscribe to Stock Market Today