The Board of Directors of RPG Life Sciences Ltd has approved issue of up to 20,00,000 equity shares of face value of Rs 10/- each on preferential basis to several investors at a price calculated in accordance with SEBI guidelines.

Further the company has informed that the Board of directors has also approved issue of 6,00,000 warrants (each warrant carrying a right to apply for and be allotted one equity share of face value of Rs 10/- each) to one of the promoters companies at the same price at which equity shares would be issued on preferential basis to several investors as mentioned above.