Wockhardt Ltd raised Rs 480 crore through a QIP, resulting in a market capitalization of Rs 8,009 crore.
Wockhardt Ltd's shares surged 5% to the upper circuit on March 27 after raising Rs 480 crore through a QIP of shares, increasing the company's market capitalization to Rs 8,009 crore. The capital raising committee approved the issue and allotment of 92.85 lakh shares at an issue price of Rs 517 per share, a 5% discount to the QIP floor price of Rs 544.02. The paid-up equity share capital of Wockhardt will rise to Rs 76.7 crore after the QIP.
March 27, 2024
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