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India's Shilpa Medicare hits record high ahead of board meet

Apr 11 2014, 13:08 IST
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Shares in the company were up 4.02 percent at 451.2 rupees by 0427 GMT. (Reuters) Shares in the company were up 4.02 percent at 451.2 rupees by 0427 GMT. (Reuters)
SummaryShares in Shilpa Medicare Ltd gain as much as 5.5 percent to a record high of 457.80 rupees ahead of a board meeting later in the...

Shares in Shilpa Medicare Ltd gain as much as 5.5 percent to a record high of 457.80 rupees ahead of a board meeting later in the day to consider a preferential issue, traders say.

The company, backed by private equity funds Baring Private Equity Partners and Tano Capital, said on Wednesday its board will meet on April 11 to consider a preferential allotment of shares.

Shares in the company were up 4.02 percent at 451.2 rupees by 0427 GMT.

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