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Zydus Wellness gains on getting approval to raise Rs 1,500 crore via NCDs

11 Jan 2019 Evaluate

Zydus Wellness is currently trading at Rs. 1340.00, up by 10.10 points or 0.76% from its previous closing of Rs. 1329.90 on the BSE.

The scrip opened at Rs. 1334.15 and has touched a high and low of Rs. 1340.00 and Rs. 1317.95 respectively. So far 174 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1830.00 on 03-Sep-2018 and a 52 week low of Rs. 942.00 on 06-Feb-2018.

Last one week high and low of the scrip stood at Rs. 1350.00 and Rs. 1314.45 respectively. The current market cap of the company is Rs. 5195.61 crore.

The promoters holding in the company stood at 72.54%, while Institutions and Non-Institutions held 13.64% and 13.82% respectively.

Zydus Wellness has received approval to raise funds of aggregate nominal value up to Rs 1,500 crore through issuance of rated, secured, listed, redeemable, Non-Convertible Debentures (NCDs) each having a face value of Rs 10 lakh on private placement basis. The Board of Directors of the Company at its meeting held on January 11, 2019 has approved the same.

Zydus Wellness is an integrated consumer company. The company is engaged in the development, production, marketing and distribution of health and wellness products.

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