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Cipla Q1 net up 73% to Rs 242 cr; to raise Rs 1,500 cr

Pharma firm Cipla on Wednesday reported a net profit of Rs 241.71 crore for the quarter ended June 30, 2009, up 72.6 per cent over the corresponding period a year ago.



Mumbai: Pharma firm Cipla on Wednesday reported a
net profit of Rs 241.71 crore for the quarter ended June 30,
2009, up 72.6 per cent over the corresponding period a year
ago.

Total income has increased to Rs 1,388.01 crore during
the June quarter from Rs 1,224.14 crore in the corresponding
period a year ago, Cipla said in a filing to the Bombay Stock
Exchange (BSE).

The board has approved the raising of up to Rs 1,500
crore by way of issuing securities in the domestic and
international markets.

The company would raise up to Rs 1,500 crore through
issue of various instruments including, warrants, debentures,
institutional placement, foreign currency bonds and global
depository receipts, the filing said.

Shares of Cipla closed at Rs 274.95, down 2.83 per cent
on the BSE.

Bureau Report

From Zee News

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