Glenmark Pharma arm files papers for IPO with Sebi

-

 


Glenmark Pharma arm files papers for IPO with Sebi

 

Glenmark Pharmaceuticals on Saturday said its wholly-owned arm Glenmark Life Sciences has filed preliminary papers for an initial public offer with market regulator Sebi.

 

Glenmark Life Sciences has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for an initial public offer, according to a regulatory filing.

 

The offer comprises fresh issue of up to Rs 1,160 crore and an offer for sale of up to 73,05,245 equity shares of Rs 2 each of Glenmark Life Sciences Ltd, by Glenmark Pharmaceuticals Ltd, the filing said.

 

The board of directors of Glenmark Pharmaceuticals Ltd during its meeting on April 16 approved the offer for sale of up to 73,05,245 equity shares of Rs 2 apiece as part of the IPO.

 

The IPO will be subject to market conditions, receipt of applicable approvals and other considerations, the filing said.

Comments

Post a Comment

Popular posts from this blog

KAIVALYADHAMA LAUNCHES STHAPNA PROGRAM

-
  KAIVALYADHAMA LAUNCHES STHAPNA PROGRAM ~ Sthapna, a Foundation Course in Traditional Yoga ~ ·        15 hours of engaging online video content ·        Start anytime and learn at your convenience ·        One-week On-site module at different locations ·        The course is open to all. No prior knowledge of Yoga or Sanskrit is required June 2021, Lonavala; One of the oldest and pioneering institutes of scientific research in Lonavala, Kaivalyadhama is rooted deep into the traditions of yoga and changing the lives of millions of people in India and across the globe. For the past 97 years, the practice has been preserved and promoted in its traditional form by eminent Yoga Masters. The aim here is to connect people around the world through the art of traditional yoga. Situated across India starting from Lonavala to Mumbai, New Delhi, Jaipur, Rajko...
Read more

Satin Creditcare Network Limited Q1FY21: Resilient Performance Backed by Strong Collections and Lower NPAs

-
Satin Creditcare Network Limited Q1FY21: Resilient Performance  Backed  by Strong Collections and Lower NPAs India, September 02, 2020:  Satin Creditcare Network Limited (SCNL) (NSE: SATIN, BSE: 539404), one of the leading microfinance companies in the country, has announced its unaudited financial results for the first quarter ended 30 th  June 2020. The financial numbers are based on IndAS. Financial Performance  (On a Consolidated Basis) The assets under management (AUM) stood at Rs 8,119 crores in FY21 as compared to Rs 7,139 crores in FY20, a YoY growth of +14%. Net Interest Income stood at Rs 150 crores in FY21 as compared to Rs 199 crores in FY 20, a YoY growth of -25%. Pre-Provisioning Operating Profit (PPOP) stood at Rs 50 crores as compared to Rs 84 crores in FY 20, a YoY growth of -40%. Profit After Tax (PAT) stood at Rs 13 crores as compared to Rs 41 crores, a YoY growth of -69%. Profits & return ratios impacted due to higher provisio...
Read more

FICCI-BAF Awards 2025 celebrates excellence in AVGC-XR Industry; Unveils FICCI-EY M&E Report on Industry Growth

-
    FICCI-BAF Awards 2025 celebrates excellence in AVGC-XR Industry; Unveils FICCI-EY M&E Report on Industry Growth     MUMBAI, 28 March 2025: ‘FICCI-BAF Awards 2025’  were announced yesterday celebrating excellence in Animation, Visual Effects (VFX), Gaming, Comics, and Extended Reality (XR). Established in 2004, the Best Animated Frames (BAF) Awards have grown into India's foremost platform recognizing innovation, creativity, and technological advancements in the AVGC-XR sector.   With  33 award categories , this year’s ceremony honoured outstanding contributions across the industry, including Best Animated Feature, Best VFX in Films, Best Game Design, and Best XR Experience. The awards catalyse innovation, offering students, professionals, and studios a global stage to showcase their work while facilitating invaluable networking opportunities with investors, producers, and industry leaders.   During the event,  FICCI also launched the ...
Read more