Emcure Pharma Files Draft Paper For Rs 5,000 Cr IPO
Author : Ajay Sinha | Published On : 25 Nov 2021
Emcure Pharmaceuticals on Thursday said it has filed draft papers with Sebi for initial public offer (IPO). Sources said the size of the offer could be in the range of Rs 4,500-5,000 crore.
The offer comprised a fresh issue of shares aggregating up to Rs 1,100 crores and an offer for sale aggregating up to 18,168,356 shares. Promoters and private equity investor Bain Capital among those who will offload their shares.
Company proposes to utilise net proceeds from the fresh issue towards repayment of all or a portion of debt and general corporate purposes.