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Makers Laboratories gets nod to raise Rs 14.75 crore

10 Nov 2021 Evaluate

Makers Laboratories has received an approval to raise further capital by the issuance of equity shares of face value of Rs 10 each of the company on rights basis to the eligible equity shareholders of the company as on the record date, of an issue size of about Rs 14.75 crore.

The proceeds of the issue will be utilized primarily for upgrading/capacity enhancement of the company's old injectable manufacturing unit situated at Naroda, Ahmedabad. The Board of Directors of the company, at its meeting held on November 10, 2021 has approved the same.

Makers Laboratories is engaged in manufacturing pharmaceutical formulations and drug intermediaries. The product portfolio of the company includes Tablets & Capsules,Liquids (Oral),Injectables,Drugs (Intermediates)and Creams & Ointments.

Makers Laboratories Share Price

157.70 -2.95 (-1.84%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1675.20
Dr. Reddys Lab 1235.40
Cipla 1238.30
Zydus Lifesciences 942.55
Lupin 2324.25
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