Wanbury raises euro 15 million through FCCBs
Pharma major Wanbury Ltd on Tuesday said it has raised 15 million euros through Foreign Currency Convertible Bonds listed on the Luxembourg Stock Exchange.
By PTI |
MUMBAI: Pharma major Wanbury Ltd on Tuesday said it has raised 15 million euros through Foreign Currency Convertible Bonds listed on the Luxembourg Stock Exchange.
The company plans to use the proceeds to fund expansions, diversifications, overseas acquisitions and research and development, its Director, Corporate Finance, Ashok Shinkar, said in a statement.
The bond issue was in two parts of 8 million euros and 7 million euros, it said.
Wanbury is the world's largest producer of metformin, a diabetes management drug, with an output of 7,000 tonne.
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