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| Exchange Disseminated Time 12/05/2020 08:20:50 | With reference to significant movement in price, in order to ensure that investors have latest relevant information about the company and to inform the market so that the interest of the investors is safeguarded, HealthCare Global Enterprises Ltd has Clarified to BSE as under :
"We are in receipt of your email seeking clarification on the movement in the price of the Company's security at your exchange, in the recent past.
Kindly note that we have made an intimation to NSE and BSE ("Stock Exchanges") on 03rd May 2020, regarding a meeting of the board of directors of the Company being scheduled on 07th May 2020 ("Board Meeting"), to consider, amongst other agenda items, a proposal for raising capital by issue of equity shares/warrants/any other equity linked securities, through preferential basis, subject to such approvals, as may be required under applicable laws.
Post the announcement of the Board Meeting, we have seen a trend of an increase in the trading volume and the price of the Company's security. We are of a view that this was on account of the announcement made by the Company on 03rd May 2020.
As announced, the Board Meeting was held on the 07th May 2020, and the outcome of the Board Meeting has also been filed by the Company with Stock Exchanges, within the prescribed time.
We would like to let you know that the Company has filed information with the Stock Exchanges as required under Regulation 30 of the SEBI (LODR) Regulations, 2015 ("SEBI LODR Regulations"), and in our opinion there are no other information as required under SEBI LODR Regulations which may have a bearing on the price behavior of the security, that has not been intimated/disclosed by the Company." |
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