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Cipla to raise Rs 1,500 cr by issue of shares

Drug maker Cipla on Friday said it will raise Rs 1,500 crore from international market by issue of securities.



Mumbai: Drug maker Cipla on Friday said it will raise Rs 1,500 crore from international market by issue of securities.

The shareholders have approved raising Rs 1,500 crore by issuing non-convertible debentures, Foreign Currency Convertible Bonds, American Depository Receipts and Global Depository Receipts, Cipla said in a filing to the Bombay Stock Exchange.

The proposal is subjected to necessary regulatory approvals, the filing added.

Shares of Cipla today closed at Rs 272.30 on BSE, up 0.91 per cent from the previous close.

Bureau Report

From Zee News

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