Board approves Right Issue
Neuland Laboratories Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 05, 2014, inter alia, has approved the following:1. Issue of equity shares on Rights basis to the members of the Company not exceeding Rs. 25 crores.2. Constitution of a sub-committee called the Rights Issue Committee to finalize the Rights ratio, issue price, record date and all other matters relating the proposed Rights Issue.05-02-2014