Board of Cipla to consider proposal of raising funds

On 19 December 2016

Cipla announced that a meeting of the Board of Directors of the Company is scheduled to be held on 19 December 2016, inter-alia, to consider the proposal of raising funds through issue of equity shares or American depository receipts or global depository receipts or foreign currency convertible bonds or non-convertible debenture (in form of bonds or otherwise) or bonds or any other securities / financial instruments, whether denominated in Indian Rupee and/or foreign currency(ies), either by way of a public issue or by way of a private placement (including through a qualified institutions placement) in accordance with the provisions of the applicable law.

The fund raising would be subject to necessary permissions, sanctions and approvals (including shareholders' approval and such other statutory approvals as may be required) and the provisions of the laws.

 

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