Cadila Healthcare Ltd to issue shares, NCDs

The Board of Directors of Cadila Healthcare Ltd at its meeting held on May 13, 2016 has considered and approved in-principle, the fund raising proposals, which are subject to approval of the members at the ensuing Annual General Meeting.

The Board approved proposal to issue Equity Shares / convertible Bonds through Qualified Institutional Placement [QIP] / GDR / ADR / FCCBs / FCEBs / Convertible Securities for an aggregate amount upto Rs. 10,000 Crores.

The Board approved proposal to issue Secured / Unsecured Redeemable Non-Convertible Debentures on private placement basis for an amount upto Rs. 3,500 crores in the Financial Year 2016-17 and to issue Secured / Unsecured Foreign Currency Rated Bonds / Foreign Currency Convertible Bonds for an amount upto Rs. 5,000 crores.

Shares of CADILA HEALTHCARE LTD. was last trading in BSE at Rs.326.95 as compared to the previous close of Rs. 333.45. The total number of shares traded during the day was 218468 in over 7012 trades.

The stock hit an intraday high of Rs. 339 and intraday low of 324.5. The net turnover during the day was Rs. 72258993.

Source : Equity Bulls

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