Zydus Wellness has raised Rs 64997.40 lakh through Qualified institutions placement (QIP) and allotted 38,46,000 Equity Shares to eligible qualified institutional buyers at an issue price of Rs 1,690.00 per Equity Share (including a premium of Rs 1,680.00 per Equity Share). Pursuant to the allotment of Equity Shares in the Issue, the issued, subscribed, and paid-up Equity Share capital of the Company stands increased from Rs 59,78,61,440 consisting of 5,97,86,144 Equity Shares of Rs 10 each to Rs 63,63,21,440 consisting of 6,36,32,144 Equity Shares of Rs 10 each.
The Finance and Administration Committee at its meeting held on September 28, 2020 has approved and allotted the same.
Zydus Wellness was incorporated as Carnation Nutra-Analogue Foods Limited. Initially the company was engaged in the business of manufacturing, buying and selling of all types of health food products, low fat, low cholesterol including table margarine, cheese, butter and substitute products.
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