Evonile Pharma receives BSE approval for ₹90 crore Rights Issue, board meeting set
Novartis India · Pharmaceuticals & Biotechnology
What the filing says
- Company approved Rights Issue of partly paid equity shares up to ₹900 crore
- BSE granted in-principle approval for the Rights Issue on October 30, 2026
- Board and Rights Issue Committee meetings scheduled on November 4, 2026 to finalize offer details
Why it's rated notable: the amount is 22% of market value (20% to 50%)
Original filing
Board Meeting Intimation for Approval Of The Letter Of Offer And Intimation Of The Rights Issue Committee Meeting To Decide And Discuss, Matters In Connection With The Rights Issue.
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Novartis India
- Fundraise / allotmentNotableEvonile Pharma receives BSE in-principle approval for ₹900 crore rights issue
- Fundraise / allotmentNotableEvonile Pharma Ltd approves rights issue to raise up to ₹900 crore
- Fundraise / allotmentNotableEvonile Pharma Limited approves ₹90 crore rights issue to raise funds
- Acquisition / mergerNotableNovartis India Limited acquires Minipress trademarks from Pfizer for ₹1250 crore
Other fundraise / allotment filings this fortnight
- Grand Oak Canyons board to consider Rs. 20,67,00,00,000 NCPS allotment on 5 Nov
- Aarti Industries shareholders approve special resolution to raise up to ₹1,000 crore
- Ola Electric approves allotment of 37,02,72,665 partly paid shares in rights issue
- Neogen Chemicals reports Q2 FY27 revenues of ₹296 crore, 42% YoY growth
- Neogen Chemicals Sept-quarter results, ₹600 crore QIP and ₹200 crore NCD redemption plan
- Neogen Chemicals Q2 FY2026-27: QIP completed, standalone profit rises to ₹21.14 crore
Potential multibaggers · Q2 FY27
Potential multibaggers in Pharmaceuticals & Biotechnology
on management's own guidance
- Strong growth2
- Strong growth1
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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.