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New Delhi, Sep 30 (PTI) Pharmaceutical company Virupaksha Organics has filed preliminary papers with capital markets regulator Sebi to raise Rs 740 crore through an initial public offering (IPO). The proposed IPO of the Hyderabad-based company is entirely a fresh issue of equity shares, according to the draft red herring prospectus (DRHP) filed on Monday. The company may consider raising Rs 148 crore in a pre-IPO placement round. If such placement is undertaken, then the issue size will be red ...Read More >

New Delhi [India], August 25 (ANI): India's contract research, development, and manufacturing organisation (CRDMO) sector is emerging as one of the most dynamic growth stories in the global pharmaceutical landscape. According to a recent Jefferies India report, the country's CRDMO, which has already reached revenues of around USD 3 billion, has grown at a compound annual growth rate (CAGR) of 14 per cent over the past five years. The report highlights that India's CRDMO industry has caught the ...Read More >

New Delhi, Jul 12 (PTI) Anthem Biosciences has raised Rs 1,016 crore from anchor investors ahead of its initial share-sale opening for public subscription. Some of the investors that participated in the anchor book are -- Abu Dhabi Investment Authority, Government Pension Fund Global, Eastspring Investments, Amundi Funds, PineBridge Global Funds and Societe Generale, HDFC MF (MF), ICICI Prudential MF, Axis MF, UTI MF, Quant MF and Motilal Oswal MF, according to a circular uploaded on BSE's webs ...Read More >

New Delhi, Jul 9 (PTI) Anthem Biosciences on Wednesday fixed a price band of Rs 530 to Rs 570 for its Rs 3,395-crore initial public offering (IPO). At the upper end of the price band, the company's evaluation exceeds Rs 31,800 crore. The initial share-sale will be open for public subscription during July 14-16 and the one-day bidding for anchor investors is scheduled for July 11, the company said. The proposed IPO is entirely an offer-for-sale (OFS) worth Rs 3,395 crore by promoters, investor ...Read More >
New Delhi: The Enforcement Directorate (ED) on Friday carried out searches at 15 places in Mumbai and Kochi in connection with the Mithi River desilting scam that caused a wrongful loss of more than Rs 65 crore to the Brihanmumbai Municipal Corporation (BMC), official sources said. The massive crackdown is underway at the premises across Mumbai and Kochi linked to the accused and suspects as part of an ongoing probe into alleged financial irregularities. According to the sources, the searches ...Read More >
NEW DELHI: The Nifty Pharma index traded negative around 10:41AM(IST)on Friday in an upbeat market. Dr. Reddy's Laboratories Ltd.(up 1.24 per cent), Gland Pharma Ltd.(up 0.83 per cent), Ajanta Pharma Ltd.(up 0.56 per cent), Alkem Laboratories Ltd.(up 0.54 per cent) and Abbott India Ltd.(up 0.49 per cent) were among the top gainers. Laurus Labs Ltd.(down 1.57 per cent), Divi's Laboratories Ltd.(down 1.2 per cent), Granules India Ltd.(down 1.04 per cent), Glenmark Pharmaceuticals Ltd.(down 0.83 ...Read More >
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