As of quarter ended June 30, 2020, Zydus Family Trust held 4.29 per cent stake in Zydus Wellness
Current Affairs:FMCG firm Zydus Wellness on Thursday said its board has affirmed intends to raise up to Rs 1,099.98 crore through a blend of issuance of offers to its advertiser Zydus Family Trust on a special premise and different alternatives.
In an administrative recording, Zydus Wellness said its board gave its endorsement “to issue, offer and apportion value shares on a special premise” to Zydus Family Trust. The board has agreed endorsement to raise Rs 349.98 crore through issuance of 21,30,000 offers at cost of Rs 1,643.10 per share.
Further, the board has likewise endorsed raising assets up to Rs 750 crore by giving protections of the organization, including value offers (or comparable instruments including however not restricted to necessarily convertible debentures, non-convertible debentures with warrants) through a private situation or qualified establishments positions (QIP) to qualified institutional purchasers (QIBs) or a blend thereof.
The organization said its board has chosen to assemble an uncommon comprehensive gathering of the individuals from the organization on September 19, 2020, to look for the endorsement of the individuals for the proposed raising support exercises.
Aditi Mehta 