Shares in Shilpa Medicare Ltd gained as much as 5.5 per cent to a record high of Rs 457.80 ahead of a board meeting later in the day to consider a preferential issue, traders said.
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 per cent at Rs 451.2 by 0427 GMT.
Copyright: Thomson Reuters 2014
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