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Gland Pharma issue oversubscribed by 2.05 times……

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News Stardom : 11th. November, 2020. Gland Pharma is an integrated manufacturer of complex injectable products and the Rs 6480-crore issue is the largest in pharma industry. 70 marquee global and domestic funds came in as anchor investors. Gland Pharma raised Rs 1943.86 crore from Anchor Investors. IPO price band fixed at Rs 1490 to Rs 1500 per equity share , Gland Pharma allocates 12,959,089 equity shares at the upper price band of Rs 1500 per equity share to anchor investors. IPO includes Rs 1,250 crore fresh issue and the rest being Offer for Sale, Gland Pharma to use Rs 1,250 crore fresh funds for capital expenditure & working capital requirements

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