Hotline: 1800 102 2007
Hotline: 1800 102 2007
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 To Raise Rs 2,575 Crore Through Share Sales

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.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • About Us:  The Dewan School, true to its Motto, has grown..
    Locations looking for expansion Uttar pradesh
    Establishment year 2010
    Franchising Launch Date 2019
    Investment size Rs. 2lac - 5lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Meerut Uttar pradesh
  • Beauty Salons
    About Us: Cut & style is one of the finest and..
    Locations looking for expansion New Delhi
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater DELHI New Delhi
  • Grocery Stores
    About Us: Value4u is one of the best grocery suppliers in..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater pune Maharashtra
  • Quick Service Restaurants
    About Us: Line – A box of truly, madly, deeply amazing..
    Locations looking for expansion Gujarat
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities