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Our Bureau

New Delhi, May 16

Dabur Pharma Ltd, a Dabur Group company, today said it will raise $25 million by way of shares or other securities. At its meeting held today the board approved raising the amount through the issue of shares, fully convertible debentures (FCD), partially convertible debentures (PCD) to qualified institutional buyers (QIBs), the company informed the BSE.

A dividend of Re 0.20 on shares of Re 1 each (20 per cent) has also been recommended at the meeting, it said. The dividend would be paid on or after July 19, if approved at the AGM.

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