|Vista Pharmaceuticals Limited was incorporated on 25.01.1991 under the Companies Act of 1956 with the Registrar of Companies Andhra Pradesh and has obtained Certificate of Commencement of Business on 7th February 1991. Vista Pharmaceuticals was incorporated by Dr. Dhananjaya Alli and his associates. The capital was subscribed by Vista Pharmaceuticals Inc., an Overseas Corporate Body promoted by them as a per the laws of the State of New Jersy, United States of America.
The company is setting up a 100% EOU for manufcacture of drug formulations with an installed
capacity of 400 million tablets and 200 million capsules per annum.
-Board approves the following:
1. To issue 352907 fully convertible warrants on preferential basis to Vista Pharmaceuticals Inc convertible into one equity share within a period of 18 months at a conversion price of Rs 10/-
2. To issue equity shares on right issue to existing shareholders
-Vista Pharmaceuticals Board allots Convertible Warrants on preferential basis to Vista Pharmaceuticals Inc