Desktop Site
|
22 Nov 24 | 16:00
|
Close
Equity
SME
Eq Drv
Currency
Commodity
Corporates
Get Quote
*
Notices
|
BSE SENSEX
79,117.11
+1,961.32
+2.54 %
Corporate Announcement
Security Code
531349
Company
PANACEA BIOTEC LTD.
Exchange Received Time
12/11/2024 17:57:00
Exchange Disseminated Time
12/11/2024 17:57:00
Time Taken
00:00:00
Intimation Regarding: (A) Appointment Of Independent Director In The Company'S Unlisted Material Subsidiary Company Viz. Panacea Biotec Pharma Limited; And (B) Corporate Guarantee Proposed To Be Given By PBPL For Proposed Fund Raising By Panacea Biotec Limited By Way Of External Commercial Borrowings |
11/12/24 17:57
The Board of Directors of the Company''s unlisted material subsidiary, Panacea Biotec Pharma Ltd. has in its meeting held today i.e. 12.11.2024, inter-alia, approved the following: 1. Appointment of Mr. Rajesh Jain as an additional director in the capacity of independent director for a period of 5 years w.e.f. 12.11.2024, subject to approval of shareholders. 2. giving Corporate Guarantee in connection with proposed fund raising by the Company by way of External Commercial Borrowing of an amount upto US$ 20 million (equivalent to ~Rs.168.16 Crore) from the US International Development Finance Corporation in relation to expansion of manufacturing capacity of hexavalent vaccine and refinancing of its existing rupee loan availed by the Company from its affiliates. The details as required under SEBI LODR Regulations are enclosed herewith as Annexure - A and Annexure - B
Attachment
<< Back
Recently Viewed