Fundraise / allotmentNotableFiled on BSE ·
Evonile Pharma Ltd approves rights issue to raise up to ₹900 crore
Novartis India Ltd · Pharmaceuticals & Biotechnology
What the filing says
- Board approved raising up to ₹9,000 million via partly paid-up equity shares on rights basis
- Rights Issue Committee formed to finalize issue terms including price, entitlement ratio, record date
- Postal Ballot notice approved for shareholder approval; new corporate website launched at evonilepharma.com
Why it's rated notable: not yet binding (letter of intent, proposal or subject to approvals)
Original filing
Announcement under Regulation 30 (LODR)-Issue of Securities
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Novartis India Ltd
- Fundraise / allotmentNotableEvonile Pharma Limited approves ₹90 crore rights issue to raise funds
- Acquisition / mergerNotableNovartis India Limited acquires Minipress trademarks from Pfizer for ₹1250 crore
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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.