Sun Pharmaceutical Industries provides update on subsidiary

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Capital Market
Last Updated : Dec 25 2015 | 12:02 AM IST

Sun Pharma Laboratories raises Rs 1000 crore

Sun Pharmaceutical Industries announced that Sun Pharma Laboratories , a wholly-owned subsidiary of the Company, has raised, on Private Placement Basis, Rs. 1000 crore by allotment of 10,000 (Ten Thousand) (ICRA) AAA / Stable Outlook Rated Unsecured Redeemable Non-Convertible Debentures of a face value of Rs. 10 lakh only each to be listed on BSE under two series with Series 1 debentures comprising of 5,000 debentures amounting to Rs 500 crore with a tenor of 24 months, and Series 2 debentures comprising of 5,000 debentures amounting to Rs 500 crore with a tenor of 39 months.

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First Published: Dec 24 2015 | 9:28 AM IST

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