The company is also planning to set up a formulation plant in Himachal Pradesh this year, mainly to cater to the exports markets.
Alembic on Monday had informed the Bombay Stock Exchange about its proposed board meeting to be held in Mumbai on September 1 to consider the issue of equity shares to the existing shareholders.
The company has changed its earlier plan to borrow funds as the company at present owes Rs 240 crore to various financial institutions and banks, and also in the form of fixed deposits and other documents.
