Southern Online Bio Technologies to raise funds

The board of Southern Online Bio Technologies has approved to raise an amount up to Rs 1921.50 lakh by way of QIP of equity shares to qualified institutional buyers.

The board has approved the preferential issue of 26.50 lakh warrants convertible into equity shares to promoters and non-promoters at a price of Rs 42.70 per share and preferential issue of up to 24 lakh equity shares to entities / persons other than promoters / promoter group at Rs 42.70 per share.