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Fredun Pharmaceuticals Ltd.

BSE: 539730 Sector: Health care
NSE: N.A. ISIN Code: INE194R01017
BSE 14:00 | 28 Nov 1280.05 60.95
(5.00%)
OPEN

1221.00

HIGH

1280.05

LOW

1202.60

NSE 05:30 | 01 Jan Fredun Pharmaceuticals Ltd
OPEN 1221.00
PREVIOUS CLOSE 1219.10
VOLUME 12571
52-Week high 1385.90
52-Week low 452.00
P/E 69.95
Mkt Cap.(Rs cr) 577
Buy Price 1280.05
Buy Qty 85.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1221.00
CLOSE 1219.10
VOLUME 12571
52-Week high 1385.90
52-Week low 452.00
P/E 69.95
Mkt Cap.(Rs cr) 577
Buy Price 1280.05
Buy Qty 85.00
Sell Price 0.00
Sell Qty 0.00

Fredun Pharmaceuticals Ltd. (FREDUNPHARMA) - Company History

Incorported in 1987 as a private limited company Fredun Pharmaceuticals (FPL) was converted into a public limited company in Mar.'94. It was promoted by Nariman Medhora and Daulat N Medhora. The promoters initially established D N Pharma a proprietory firm for the manufacture and export of pharmaceutical formulations. The exports were mainly to Afghanistan and west Africa. Since 1993 D N Pharma's operations were phased out in order to switch over the business to FPL. FPL was set up with the objective of providing facilities for manufacturing and marketing of various pharmaceutical formulations like tablets capsules dry-syrups and ointments. It then set up a formulation unit at Palghar (Thane district) Maharashtra which commenced commercial production in Aug.'94. FPL had been carrying out manufacturing operations on loan licence for reputed pharmaceutical companies like Cipla. It also manufactured for some merchant exporters including Merind.In Apr.'96 the company came out with a public issue to register its products in the overseas market for exports; to part-finance the expansion of its business activities and to repay one of the term loans and unsecured loans to reduce the interest burden. Company is very much optimistic of revival of company's turnover by having excellent export order in hand. Company also in process of registering various drugs with different countires such as Nepal Tanzaniya Uganda & Sri Lanka.

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