Ankur Drugs & Pharma equity shareholders at their meeting held yesterday October. 08,2007 have approved the merger of the company with Vaibhav Healthcare.
Ankur Drugs & Pharma Ltd in its previous announcement made to the exchanges on 27-09-2007 has informed that a meeting of the Equity Shareholders of the Company will be held on October 08, 2007, for the purpose of considering and approving the Scheme of Amalgamation of Vaibhav Healthcare Pvt Ltd with the Company.
Ankur Drugs & Pharma in its previous results reported a tremendous rise in net profits at 54.81% that is Rs 90.20 Million from Rs 58.27 million in the same quarter for last year. Sales rose phenomenally at 60.47% to Rs 970.12 million, compared with the sales quarter numbers a year ago.
Shares of the company declined 6o paise, to close at Rs 399 and the total volume of shares traded at the BSE was 9,476 on Tuesday.
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