Morepen Labs to get Rs 433 crore from Corinth, promoters
New Delhi: Morepen Laboratories Limited has approved incoming investment of Rs. 433 crore in the Extra-Ordinary General Meeting (EGM) of the company. The members approved the issue and allotment of 58.50 million equity shares for cash to Corinth Investment Holdings AG, Switzerland at Rs.41.60 per share aggregating to Rs. 243.36 crores.