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Cipla may issue QIP up to $175 mln

23 Sep 2009 Evaluate
Drug maker Cipla Ltd plans to sell shares to institutional investors at 263.75 rupees each, near Tuesday's closing price, to raise up to $175 million, according to sources. The base amount of the share sale is $110 million, with an option to raise it to $175 million. The deal is priced at a 0.06 percent discount to Tuesday's closing price of 263.90 rupees. Indian firms have sold shares worth nearly $14 billion so far this year, spurred by a 75 rise in the main share index.crackcrack

Cipla Share Price

1229.60 5.35 (0.44%)
10-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1654.70
Dr. Reddys Lab 1232.00
Cipla 1229.60
Zydus Lifesciences 915.45
Lupin 2332.70
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