Panacea Biotec gets nod to raise funds up to Rs 250 crore

Panacea Biotec has received an approval to raise funds by way of issue of equity shares and/or other securities, etc. aggregating up to Rs 250 crore or equivalent thereof in any currency, subject to approval of the shareholders. The board of directors at its meeting held on August 01, 2014 has approved for the same.

Panacea Biotec is one of India’s leading research based health management companies with established research, manufacturing and marketing capabilities.