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Board of Alembic Pharmaceuticals approves equity financing up to Rs 1200 cr

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At meeting held on 22 May 2020

The Board of Alembic Pharmaceuticals at its meeting held on 22 May 2020 has approved raising of funds upto Rs 1200 crore by way of issue of equity shares / other securities convertible into equity shares through Qualified Institutions Placement, as may be required by the Company from time to time. The fund raising is subject to necessary permissions and approvals (including shareholders' approval and such other statutory approvals as may be required) and the provisions of applicable law.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 22 2020. 14:33 IST
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