Mitul Shah & Associates

Torrent Pharma to raise up to Rs 12.5k cr by issue of securities

Torrent Pharmaceuticals has received board approval to raise a significant Rs 12,500 crore. This capital will be generated through the issuance of securities on a private placement basis. The company plans to issue secured, rated, listed, redeemable non-convertible debentures. This move follows a major acquisition last year. Shares of Torrent Pharma closed slightly lower on […]

Generic drug maker Hindustan Laboratories files IPO papers with Sebi

Hindustan Laboratories, a generic drug maker, is preparing for its initial public offering. The company plans to raise funds through a fresh issue of shares and an offer for sale by its promoter. Proceeds will support working capital and general corporate needs. Hindustan Laboratories manufactures and supplies generic medicines to government institutions across India.