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Fulford India invests Rs 1.05 crore this quarter for business expansion

25 Oct 2013 Evaluate

Fulford India had utilized Rs 1.05 crore towards business expansion during the quarter ended September 30, 2013. The total amount utilized till September 30, 2013 is 3.46 crore. The remaining balance amount of Rs 36.79 crore continues to be invested in fixed deposits with banks pending utilization of the same.

The company had raised Rs 40.25 crore by issuing 700,000 equity shares of Rs 10 each at a premium of Rs 565 per share to its promoters Dashtag. The funds were raised to provide capital in order to permit the company to strengthen its position in the market and act on strategic business growth opportunities.

Fulford (India) is engaged in the business of manufacturing and marketing pharmaceutical consumer products, including cough tablets and herbal ointments, marketed under the trademarks - PEPS and ZAMBUK respectively. It offers medicines for the treatment of allergy and respiratory, arthritis and immunology, cancer therapies, cardiovascular, hepatitis, sun care, etc.

Peers
Company Name CMP
Redington 234.90
Adani Enterprises 2218.35
Amrapali Industries 17.53
Rashi Peripheral 455.25
PDS 301.45
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