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Torrent Pharma gets shareholder nod to raise up to Rs 5,000cr

In a filing to the BSE, the company said around 99.299 per cent votes were cast in favour of "issuance of equity shares including convertible bonds/debentures through QIP and/or depository receipts or any other modes for an amount not exceeding Rs 5,000 crore."

March 09, 2020 / 12:25 PM IST
 
 
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Torrent Pharmaceuticals on Monday said it has received shareholders' nod to raise up to Rs 5,000 crore through various instruments, including qualified institutional placement (QIP).

In a filing to the BSE, the company said around 99.299 percent votes were cast in favour of "issuance of equity shares including convertible bonds/debentures through QIP and/or depository receipts or any other modes for an amount not exceeding Rs 5,000 crore."

The approval of the shareholders was sought by way of special resolution through a postal ballot, the filing said.
PTI
first published: Mar 9, 2020 12:22 pm

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