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Glenmark Pharma to raise $200 million through issue of securities

01 Jun 2016 Evaluate

Glenmark Pharmaceuticals has launched an offer on the Singapore Stock Exchange to raise up to $200 million through issue of securities. The Mumbai-based company has decided on a regulatory floor price for conversion of the FCCBs at Rs 861.84. JP Morgan Securities is the sole global coordinator and book-runner for the said issue.

Last year, the company’s board and shareholders had approved a plan to raise funds up to $500 million through issuance of securities, including shares or equity-linked assets, convertible bonds, warrants, and depository receipts.

Glenmark Pharmaceuticals is a pharmaceutical company headquartered in Mumbai, India. It manufactures and markets generic formulation products and active pharmaceutical ingredients, both in the domestic and international markets.

 

Glenmark Pharma Share Price

2244.90 -3.00 (-0.13%)
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