Mankind Pharma’s board approves QIP of equity shares to raise ₹3,000 crore
Fri, Dec 20, 2024 1:13 PM

Mankind Pharma’s board approves QIP of equity shares to raise ₹3,000 crore

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Mankind Pharma Ltd has announced plans to raise nearly ₹3,000 crore by launching a qualified institutions placement (QIP) of equity shares. The pharmaceutical company’s Fund Raising Committee of Directors, in a meeting held on December 20, 2024, approved the allotment of 1.19 crore equity shares of the company at a face value of ₹1 each to eligible Qualified Institutional Buyers (QIBs).

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