top cloud hosting company jaipur

EMCUREPHARMACEUTICALS LIMITED FILES DRHP WITH SEBI

EMCUREPHARMACEUTICALS LIMITED FILES DRHP WITH SEBI 1

Emcure Pharmaceuticals Limited (the “Company”),one of the leading Indian pharmaceutical companies engaged in developing, manufacturing and globally marketing a broad range of pharmaceutical products across several major therapeutic areas, has filed its Draft Red Hearing Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”). The Company is ranked as (i) the 12th largest pharmaceutical company in India and (ii) the largest pharmaceutical company in India in the gynaecology, blood related and HIV antivirals therapeutic areas, based on sales in India in the Financial Year 2021, according to CRISIL

The Company plans to raise funds through the initial public offering comprisinga fresh issue of equity shares aggregating up to Rs. 1,100 crores (“The Fresh Issue”) and an offer for sale aggregating up to 18,168,356equity shares (“Offer for Sale”) that includes Mr. Satish Mehta aggregating upto 2,030,000 equity shares and Mr. Sunil Mehta aggregating upto 2,50,000 equity shares (The“Promoter Selling Shareholder”). Other selling shareholders include private equity investor Bain Capital, as well as certain individual selling shareholders.

Company proposes to utilise net proceeds from fresh issue towards repayment of all or a portion of debt and general corporate purposes.

Emcure is an R&D driven company with a differentiated product portfolio that includes orals, injectables and biologics, as well as an mRNA platform through which it is currently developing a COVID-19 vaccine, which has enabled it to reach a range of target markets across over 70 countries with a strong presence in Europe and Canada.

Spread the love

Add a Comment