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Ind Swift Labs gets nod to raise Rs 500 crore

27 Sep 2011 Evaluate

Ind Swift Laboratories (ISLL), a global pharmaceutical company has received its shareholders’ approval to raise funds up to Rs 500 crore through issue of securities. The company will raise the funds through issue of Global Depositary Receipts (GDRs), Foreign Currency Convertible Bonds (FCCBs) and Convertible Bonds. However, the company did not provide a time line for raising the funds.

Further, the members have also approved declaration of dividend of Re 1 per share of face value of Rs 10 each for the financial year 2010-11.

Recently, the company got Therapeutic Goods Administration (TGA) approval from Australia for seven of its APIs - Donepezil HCI, Clarithromycin, Letrozole, Pioglitazone HCI, Ropinirole, Acamprosate and Aripiprazole to be manufactured at its facility at Derabassi.

Ind-Swift Laboratories is a part of the Ind-swift Group and is based at Chandigarh, India. The company is engaged in manufacturing of Active Pharmaceutical Ingredients (API). 

Ind-Swift Lab. Share Price

138.45 0.45 (0.33%)
11-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1872.40
Dr. Reddys Lab 1279.70
Cipla 1304.70
Zydus Lifesciences 956.65
Lupin 2245.65
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