Cadila Healthcare Ltd approves raising funds of Rs. 10000 crores

The Board of Directors of Cadila Healthcare Ltd at its meeting held on April 08, 2015, has been decided to obtain enabling approval of the shareholders' of the Company through postal ballot process for issuance of the securities.

The Board has approved issue of Equity Shares including Convertible Bonds/Debenture through Qualified Institutional Placement (QIP) and/or Depository Receipts or any other modes for an amount not exceeding Rs 10,000 Crores and Unsecured / Secured Redeemable Non-Convertible Debentures / Bonds by way of Private Placement for an amount not exceeding Rs 3,500/- Crores, subject to the overall borrowing limits of Rs.10,000/- Crores proposed.

Shares of CADILA HEALTHCARE LTD. was last trading in BSE at Rs.1895.25 as compared to the previous close of Rs. 1895.9. The total number of shares traded during the day was 13441 in over 1979 trades.

The stock hit an intraday high of Rs. 1922.3 and intraday low of 1893.6. The net turnover during the day was Rs. 25687972.

Source : Equity Bulls

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