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Markets - Preferential Allotments
Krebs Bio to issue pref shares

Our Bureau

Hyderabad, Feb. 9

Krebs Biochemicals & Industries Ltd has decided to offer, issue and allot 10.5 lakh equity shares of Rs 10 each at a premium of Rs 75 per share aggregating Rs 8.93 crore to select investors, on a preferential allotment basis.

The company has informed the BSE that the members at the EGM held on February 7, have authorised the board to take the decision, subject to necessary provisions and approvals.

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