ADD ANI AS A TRUSTED SOURCE
googleads
ANI Logo
Menu
Business

Zydus Wellness raises Rs 650 cr through QIB route

Ahmedabad (Gujarat) [India], September 29 (ANI): FMCG major Zydus Wellness said on Tuesday it has raised Rs 649.97 crore by issuing equity shares to qualified institutional buyers (QIBs).

ANI Sep 29, 2020 13:36 IST googleads

The QIPs opened on September 23 and closed on September 28.

Ahmedabad (Gujarat) [India], September 29 (ANI): FMCG major Zydus Wellness said on Tuesday it has raised Rs 649.97 crore by issuing equity shares to qualified institutional buyers (QIBs).
They are SBI Small Cap Fund, Aditya Birla Sun Life Trustee, SBI Large and Midcap Fund, ICICI Prudential Multicap Fund, HDFC Life Insurance and ICICI Prudential Smallcap Fund.
The qualified institutions placements opened on September 23 and closed on September 28, the company said in a statement.
The finance and administration committee of the company had approved the issue and allotment of 38.46 lakh equity shares to eligible QIBs at an issue price of Rs 1,690 per equity share including a premium of Rs 1,680 per equity share, aggregating to Rs 649.97 crore.
Last month, Zydus Wellness' board of directors had approved plans to raise up to Rs 1,099.98 crore through a combination of issuance of shares to its promoter Zydus Family Trust on a preferential basis and other options.
It gave approval to raise Rs 349.98 crore through issuance of 21.3 lakh shares at price of Rs 1,643.10 per share to Zydus Family Trust. Besides, the board also approved raising funds up to Rs 750 crore by issuing securities of the company. (ANI)

Get the App

What to Read Next

Business

Kody Technolab Ltd. Launches Medigo Robot

Kody Technolab Ltd. Launches Medigo Robot

Ahmedabad (Gujarat) [India], March 12: Kody Technolab Limited today announced the launch of Medigo Robot, a health screening robot developed to enable rapid preventive health assessments and expand access to routine screening across healthcare, public, and institutional environments.

Read More
Business

inDrive Launches Ride XL Category in Chandigarh

inDrive Launches Ride XL Category in Chandigarh

Chandigarh [India], March 12: inDrive, the global mobility and urban services platform known for its fair-price model and user-first approach, today announced the launch of inDrive Ride XL in Chandigarh. The new category introduces spacious 6-seater vehicles, designed to make group travel, family outings, airport transfers, and intercity journeys more comfortable while allowing passengers to negotiate and agree on a fair fare directly with drivers.

Read More
Business

Faculty of Planning at CEPT University Invites Applications

Faculty of Planning at CEPT University Invites Applications

New Delhi [India], March 12: India is undergoing an intense phase of urban transformation, placing immense pressure on essential infrastructure, mobility, and public spaces across its cities. The scale and speed of this change demand urgent, informed, and future-ready responses that balance growth with environmental responsibility and social equity.

Read More
Business

Academic Leaders and VCs Explore AI's Impact on Higher Education

Academic Leaders and VCs Explore AI's Impact on Higher Education

New Delhi [India], March 12: As Artificial Intelligence reshapes industries, economies, and societies at unprecedented speed, Vice Chancellors across India are proactively preparing their institutions for the future. At I4IC 2026, a high octane Senior Leadership Workshop brought together top academic decision-makers to deliberate on AI's transformative impact on higher education.

Read More
Business

Authenticity, Adaptability, and the Future of Brand Communication

Authenticity, Adaptability, and the Future of Brand Communication

New Delhi [India], March 12: The essence of communication in an industry that is constantly evolving is surprisingly timeless. Whether it is about building a brand, creating trust, or navigating disruption, clarity of thought and authenticity of action remain fundamental. With rapid shifts in technology, evolving consumer expectations, and changing regulatory environments, today's business leaders are no longer just marketers or communicators. They are storytellers, strategists, and guardians of credibility. The true measure of sustainable brand growth lies in the ability to remain creative yet accountable, while imagining ideas that create meaningful impact.

Read More
Business

IVCA Alternate Capital Excellence Awards 2026

IVCA Alternate Capital Excellence Awards 2026

Mumbai (Maharashtra) [India], March 12: The IVCA Alternate Capital Excellence Awards 2026 were presented at the 15th edition of the IVCA Conclave, organised by India's apex body for the alternate capital sector, the Indian Venture and Alternate Capital Association (IVCA). Held on Day 2 of the Conclave, the Awards honoured the institutions and individuals exemplifying excellence in performance, governance, and creating enduring value across the alternate asset ecosystem, spanning private equity, venture capital, private credit, venture debt, real estate, infrastructure, and impact investing.

Read More
Business

Hero FinCorp's AI-Led Lending Platform 'Project Dhruv Tara'

Hero FinCorp's AI-Led Lending Platform 'Project Dhruv Tara'

Mumbai (Maharashtra) [India], March 12: As artificial intelligence and advanced analytics reshape credit decisioning across India's lending ecosystem, financial institutions are now increasingly combining advanced analytics with organisational capability to deliver faster credit access and scalable growth.

Read More
Business

Wizz Financial Completes First Stablecoin-Powered Cross-Border

Wizz Financial Completes First Stablecoin-Powered Cross-Border

Dubai [UAE], March 12: Wizz Financial, the global fintech company specializing in cross-border payments and digital wallets, today announced the completion of its first stablecoin-powered cross-border remittance and treasury transaction originating from the United States, with capabilities into 80 countries, in partnership with BitGo Bank & Trust, N.A. ("BitGo"), an OCC-regulated digital asset trust bank and subsidiary of BitGo Holdings, Inc. (NYSE: BTGO). Through the partnership, Wizz Financial is utilizing BitGo's institutional-grade wallet infrastructure and e-trade services to facilitate the conversion of fiat currency into stablecoins, enabling near-real-time settlement, enhanced liquidity management, and compliant, scalable cross-border remittance flows across its global network as new corridors are progressively launched.

Read More
Business

HUFT Partners with Tata Trust Small Animal Hospital

HUFT Partners with Tata Trust Small Animal Hospital

Mumbai (Maharashtra) [India], March 12: Heads Up For Tails (HUFT), India's most loved pet care brand, has launched a dedicated store within the Tata Trust Small Animal Hospital in Mumbai, marking a meaningful step in the brand's mission to support pets at every stage of their health journey.

Read More
Business

Teerth Realties Taps Pune’s Emerging Growth Corridors

Teerth Realties Taps Pune’s Emerging Growth Corridors

New Delhi [India], March 11: Pune's real estate market is witnessing a steady transformation as expanding infrastructure, growing IT hubs, and improved connectivity continue to reshape the city's property landscape. Micro-markets across western Pune, including Baner, Balewadi, Sus, and Hinjewadi, are emerging as key growth corridors, attracting both residential buyers and commercial occupiers seeking well-connected and future-ready developments.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.