Companies

Cipla shareholders approve raising up to Rs 3,000 crore

PTI New Delhi | Updated on August 17, 2019 Published on August 17, 2019

Drug major Cipla on Saturday said its shareholders have approved a proposal to raise up to Rs 3,000 crore through issuance of equity shares or other securities convertible into equity shares. The move was approved by Cipla’s Board in May 2019.

In a regulatory filing, Cipla said 99.68 per cent shareholders polled in favour of the resolution to raise funds.

Published on August 17, 2019
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