{"id":27218,"date":"2022-03-03T19:01:06","date_gmt":"2022-03-03T13:31:06","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-wockhardt-rights-issue-2\/"},"modified":"2022-03-03T20:29:57","modified_gmt":"2022-03-03T14:59:57","slug":"biz-wockhardt-rights-issue-2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-wockhardt-rights-issue-2\/","title":{"rendered":"Wockhardt sets issue price at Rs 225 Per share for Rs 748 Cr Rights issue"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1942301449\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Pharmaceuticals firm Wockhardt Ltd on Thursday said it has fixed issue price at Rs 225 per share for its Rs 748 Crore rights issue.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1941670004\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>The capital raising committee of the company&#8217;s board on Thursday decided to approve the issue of 3.33 crore fully paid-up equity shares, aggregating to a little over Rs 748 crore, Wockhardt said in a regulatory filing.<\/p>\n<p>The issue price has been fixed at Rs 225 per fully paid-up equity share, including a premium of Rs 220 per share, it added.<\/p>\n<p>The issue will open on March 15 and close on March 22, 2022.<\/p><div class=\"trade-content_5\" id=\"trade-4048189170\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Earlier in January this year, Wockhardt&#8217;s board had approved raising of up to Rs 1,000 crore through a rights issue to its existing shareholders.<\/p>\n<p>The objective of the issue is to meet financing needs of the company for repayment of subordinated debt, financing research and development initiatives and for general corporate purposes, it said. PTI RKL ABM AJ ABM<\/p>\n<div class=\"trade-after-content\" id=\"trade-3750391348\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Pharmaceuticals firm Wockhardt Ltd on Thursday said it has fixed issue price at Rs 225 per share for its Rs 748 Crore rights issue. The capital raising committee of the company&#8217;s board on Thursday decided to approve the issue of 3.33 crore fully paid-up equity shares, aggregating to a little over Rs 748 crore, Wockhardt [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":27252,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31,1789],"tags":[],"class_list":["post-27218","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news","category-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Wockhardt sets issue price at Rs 225 Per share for Rs 748 Cr Rights issue - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-wockhardt-rights-issue-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wockhardt sets issue price at Rs 225 Per share for Rs 748 Cr Rights issue\" \/>\n<meta property=\"og:description\" content=\"Pharmaceuticals firm Wockhardt Ltd on Thursday said it has fixed issue price at Rs 225 per share for its Rs 748 Crore rights issue. 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