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 Corporate - Overseas Borrowings


Panacea Biotec to raise funds

Our Bureau

NEW DELHI: The board of Panacea Biotec will meet on September 9 to consider raising funds up to Rs 500 crore for the company's expansion plans.

It will consider various options including tapping the domestic/international markets through either issue of equity shares, debentures, FCCBs or a Euro Issue.

The Delhi-based company has been planning to increase investments in research and development as well as scale up its manufacturing facilities.

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