Cipla Q1 net up 73% to Rs 242 cr; to raise Rs 1,500 cr
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Last Updated: Wednesday, July 29, 2009, 20:40
  
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


First Published: Wednesday, July 29, 2009, 20:40


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