Fitch assigns grade 2 to Aanjaneya Lifecare IPO

Fitch Ratings has assigned a grade of 2nd, out of a maximum of 5, to Aanjaneya Lifecare's (ALL) proposed initial public offering (IPO) of 5,000,000 equity shares.

February 23, 2011 / 15:16 IST

Fitch Ratings has assigned a grade of 2nd, out of a maximum of 5, to Aanjaneya Lifecare's (ALL) proposed initial public offering (IPO) of 5,000,000 equity shares, which indicates below-average fundamentals of the issue relative to other listed equity securities in India, according to its report dated February 23.

Company is a vertically integrated pharmaceutical company with manufacturing and marketing capabilities in APIs (active pharmaceutical ingredients) with focus on anti-malarial, and finished dosage forms (FDFs) catering to various therapeutic segments.

The report says, "ALL

first published: Feb 23, 2011 03:15 pm

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