Jubilant Organosys to raise Rs 500 cr via share sale
Pharmaceutical firm Jubilant Organosys on Friday said it will raise Rs 500 crore by placing shares with qualified institutional buyers
By PTI |
MUMBAI: Pharmaceutical firm Jubilant Organosys on Friday said it will raise Rs 500 crore by placing shares with qualified institutional buyers.
The board at its meeting held on March 25 has approved to raise Rs 500 crore by allotting shares to institutional investors, Jubilant Organosys said in a filing to the National Stock Exchange.
The company, however, did not disclose the purpose of fund raising.
Shares of Jubilant Organosys were trading at Rs 348.70 on NSE, down 0.88 per cent from previous close.
The board at its meeting held on March 25 has approved to raise Rs 500 crore by allotting shares to institutional investors, Jubilant Organosys said in a filing to the National Stock Exchange.
The company, however, did not disclose the purpose of fund raising.
Shares of Jubilant Organosys were trading at Rs 348.70 on NSE, down 0.88 per cent from previous close.
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