 "START-UPS, investors, markets, IPO, companies, funds")
The initial public offering of Glenmark Life Sciences will open on July 27 and close on July 29, parent Glenmark Pharmaceuticals said in regulatory filing on Tuesday. Glenmark Pharma will sell 6.3 million shares in the company. The IPO will also consist of fresh fund raise to the tune of Rs 1,060 crore.
Glenmark Life Sciences is a manufacturer of active pharmaceutical ingredients (API) with a portfolio of 120 products. Currently, Glenmark Pharma holds a 100 per cent stake in the company.
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