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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

1397.75 22.70 (1.65%)
04-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1779.35
Dr. Reddys Lab 1267.05
Cipla 1397.75
Zydus Lifesciences 1085.45
Lupin 2248.70
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