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Alembic Pharma’s shares fell 1.39 percent to Rs 966.55 apeice on the NSE after the company’s Board of Directors approved an enabling resolution for an issuance of equity shares or NCDs along with warrants or any other combination thereof, for an amount not exceeding Rs 1,200 crore, said the exchange filing. The board has also given its approval to raise capital up to Rs 1,000 crore through a Qualified Institutional Placement (QIP). A fund raising committee will determine the issue size, schedule and discount (if applicable), added the filing further.
After stellar listing performance by Rossari Biotech, Mindspace REIT IPO has opened for retail investors for a subscription on Monday with the price band fixed at Rs 274-275. The real estate major aims to raise about Rs 4,500 crore via its IPO, which will close on Wednesday, July 29.
Mindspace Business Parks REIT is an entity jointly backed by realty developer K Raheja Corp and private equity major Blackstone Group. Both the entities are expected to offer a part of their existing shareholding through the offer for sale