Hotline: 1800 102 2007
X
Search Business Opportunities
Dec, 07 2018

Zydus Wellness To Raise Rs 2,575 Crore Through Share Sales

Shares of Zydus Wellness Thursday closed at Rs 1,238.05 per scrip on the BSE, up 1.08 percent from the previous close.

Zydus Wellness announced on 6th December 2018 that they are planning to raise Rs 2,575 crore by issuing its shares on a preferential basis to fund the acquisition of Heinz India.

According to an exchange filing, Zydus Wellness explained that they would be raising funds by allotting preference shares worth Rs 2,575 crore to Cadila Healthcare, True North Fund, Pioneer Investment Fund, and Zydus Family Trust.

The board is also looking to raise the debt by issuing redeemable, listed, and secured debentures on a private placement basis for an amount approximately to be at Rs 1,500 crore anytime within a year.

The company further plans to issue shares to True North, Pioneer Investment Fund, Cadila Healthcare, and Zydus Family Trust for Rs 999,99, 7,23,589, 99.99, and 85,02,170 crores respectively.

The fundraiser is for funding the acquisition of the entire shareholding of Heinz India Pvt Ltd, it added. The issue price of equity shares to be issued to the investors is Rs 1,382, it added.

Shares of Zydus Wellness Thursday closed at Rs 1,238.05 per scrip on the BSE, up 1.08 percent from the previous close.

Zydus Wellness is engaged in the development, production, marketing and distribution of health and wellness products. The company's products include Sugar-Free, Nutralite, Everyuth and Actilife.

Comment
image
Related opportunities
  • Join Hands With No.1 U.K. Concept International Preschool Chain SANFORT is..
    Locations looking for expansion Uttar Pardesh
    Establishment year 2009
    Franchising Launch Date 2010
    Investment size Rs. 10lac - 20lac
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Ghaziabad Uttar Pardesh
  • Lingerie & Innerwear
    About Us: Trylo Inner Luxury - the name says it all...
    Locations looking for expansion Gujarat
    Establishment year 1992
    Franchising Launch Date 2014
    Investment size Rs. 20lac - 30lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Surendranagar Gujarat
  • Gyms and Fitness Centres
    About Us: Started in Hyderabad, Core fitness station is the 1st..
    Locations looking for expansion Andhra pradesh
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater hyderabad Andhra pradesh
  • About Us: School of International Languages promises excellent learning atmosphere to..
    Locations looking for expansion Delhi
    Establishment year 1982
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities