Penny stock: A small cap stock with a market capitalization of less than Rs.10 Vikas Lifecare is offering preferred shares at 4 per share in order to raise 40 crore.
Vikas Lifecare shares are one of the penny stocks under 10 rupees, and the small-cap firm may have more stock float in the approaching times. The board of directors of the penny stock under 10 has approved the issuance of an additional 10 crore warrants convertible into stocks on a preferential basis. The preferred shares…