Zydus Wellness gets approval to raise Rs 1,500 crore via NCDs

Zydus Wellness has received approval to raise funds of aggregate nominal value up to Rs 1,500 crore through issuance of rated, secured, listed, redeemable, Non-Convertible Debentures (NCDs) each having a face value of Rs 10 lakh on private placement basis. The Board of Directors of the Company at its meeting held on January 11, 2019 has approved the same.

Zydus Wellness is an integrated consumer company. The company is engaged in the development, production, marketing and distribution of health and wellness products.

BREAKING NEWS:
Nivaashiyni’s Magic Stuns Audience in Krishnaavataram! Tata Sierra EV Launch Confirmed: 500km Range, Loaded Features Actress Sumbul Touqeer Trolled for Weight Gain at 22