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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

1367.00 1.75 (0.13%)
07-May-2026 14:40 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1833.00
Dr. Reddys Lab 1307.35
Cipla 1367.00
Zydus Lifesciences 940.75
Lupin 2455.45
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