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
Related opportunities
  • Quick Service Restaurants
    About Us: This quintessential restaurant will transport you to a European..
    Locations looking for expansion Andhra pradesh
    Establishment year 2008
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Shaikpet Andhra pradesh
  • Juices / Smoothies / Dairy parlors
    About Us:   The Crêpe Café is BFC Retail Group ’s..
    Locations looking for expansion New Delhi
    Establishment year 2001
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 750
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
  • Beauty Salons
    About Us: Hair Speak is an international-grade spa & salon brand..
    Locations looking for expansion Karnataka
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • EuroKids pre-schools in 2001 with the idea of providing a..
    Locations looking for expansion Maharashtra
    Establishment year 1997
    Franchising Launch Date 2001
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
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