Torrent Pharma gets shareholder nod to raise up to Rs 5,000 cr
Mar 9, 2020, 14:35 IST
New Delhi, Mar 9 () Torrent Pharmaceuticals on Monday said it has received shareholders' nod to raise up to Rs 5,000 crore through various instruments, including qualified institutional placement (QIP).
In a filing to the BSE, the company said around 99.299 per cent votes were cast in favour of "issuance of equity shares including convertible bonds/debentures through QIP and/or depository receipts or any other modes for an amount not exceeding Rs 5,000 crore."
Advertisement
The approval of the shareholders was sought by way of special resolution through a postal ballot, the filing said. SID SID ANUANU(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)