InvestorQ : Why has Zydus placed shares with QIBs to raise equity capital?
Rashi Mehra made post

Why has Zydus placed shares with QIBs to raise equity capital?

Answer
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Archita Jajjoo answered.
4 weeks ago


Zydus Wellness, India’s largest manufacturers of low calorie sugars, will raise Rs.650 crore through issue of equity shares to QIBs. The placement closed on 28 September and the response was quite positive for the company.

The rights were issued at a price of Rs.1,690 per equity share which included a premium of Rs 1,680 per equity share on a par value of Rs.10 taking the issue size to Rs.650 crore. The idea is to be prepared when the lockdown is withdrawn.

Zydus Wellness offers very high quality and marquee brands such as Complan, Sugar Free, Nutralite and Everyuth to the Indian market. It has established niche market position in these brands and is looking to compete with FMCG players at a national level.