MoneyWorks4Me

Aurobindo Pharma gets nod to raise $350 million via QIP

23 Jan 2015 Evaluate

Aurobindo Pharma has received its board approval to raise up to an amount of $350 million through issue shares to Qualified Institutional Buyers. The approval to issue shares under Qualified Institutional Placement (QIP) was secured at a meeting held on January 21, 2015.

Aurobindo Pharma manufactures generic pharmaceuticals and active pharmaceutical ingredients. The company’s robust product portfolio is spread over 6 major therapeutic/product areas encompassing Antibiotics, Anti-Retrovirals, CVS, CNS, Gastroenterologicals, and Anti-Allergics, supported by an outstanding R&D set-up.

Peers
Company Name CMP
Sun Pharma. Inds. 1750.75
Dr. Reddys Labs. 1177.50
Cipla 1296.80
Lupin 1946.10
Zydus Lifesciences 1115.00
View more..