Wanbury Ltd to raise Rs. 100 crores through NCDs

The Board of directors of Wanbury Ltd has approved issue of Unlisted, Secured Redeemable, Non-Convertible Debentures ("NCDs") upto Rs. 100,00,00,000/- (Rupees One Hundred Crore only). At present, the funds being raised is Rs. 90,00,00,000/- (Rupees Ninety Crore only) from Neo Special Credit Opportunities Fund, a fund managed by Neo Asset Management Pvt Ltd along with its co-investors on private placement basis.

Shares of Wanbury Limited was last trading in BSE at Rs. 55.00 as compared to the previous close of Rs. 55.68. The total number of shares traded during the day was 3971 in over 32 trades.

The stock hit an intraday high of Rs. 56.00 and intraday low of 52.90. The net turnover during the day was Rs. 213603.00.

Source : Equity Bulls

Keywords

Wanbury INE107F01022 Pharmaceuticals NCDs FundRaising