Emcure Pharma withdraws proposed IPO application

India Infoline News Service | Mumbai |

Report said that the company was planning to raise up to Rs 500 crore.

Emcure Pharmaceuticals has withdrawn its proposed initial public offer, according to reports.

Report said that the company was planning to raise up to Rs 500 crore.

The company had filed draft offer documents with the Securities and Exchange Board of India for proposed IPO in June last year.

The proposed issue comprised fresh issue of up to Rs 300 crore and an offer for sale of up to 25,13,057 equity share, says media report.

 

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