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Natco Pharma announces closure of QIP issue

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Capital Market

To allot 1 crore equity shares at issue price of Rs 915 per share

Natco Pharma announced that the Committee of Directors at its meeting held on 14 December 2017 approved the following resolution in respect of the QIP issue -

Approved closure of QIP issue on 14 December 2017.

Approved allocation of 1,00,00,000 equity shares at an issue price of Rs 915 per equity share to Qualified Institutional Buyers pursuant to QIP amounting to an issue size of Rs 915 crore.

Approved and adopted placement document dated 14 December 2017.

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First Published: Dec 14 2017 | 1:46 PM IST

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