The capital markets regulator, SEBI (Securities and Exchange Board of India), has approved the IPOs of Ola Electric and Emcure Pharmaceuticals. Both companies had submitted their draft red herring prospectus (DRHP) to SEBI in December 2023.
Emcure Pharmaceuticals IPO Details
As per the latest draft filed last week, Emcure Pharmaceuticals’ IPO will include a fresh issue of equity shares worth ₹800 crore and an Offer for Sale (OFS) of 1.36 crore shares by its promoters and existing shareholders. The funds from the new issue will be used to repay debt and for other corporate needs.
More Information to Follow
Stay tuned for more details on the upcoming IPOs from Ola Electric and Emcure Pharmaceuticals.
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