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Natco Pharma disclosed that its subsidiary will invest USD 8 million in eGenesis, acquiring a total of 40,629,761 shares.

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The proceeds from the new issue will be used to establish a new facility in Vallam-Vadagal to manufacture high tensile fasteners and hex bolts

The company also stated that the cash will allow them to evaluate the best financing structure for growth ambitions.

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The New Delhi-based chauffeur-driven automobile rental service provider's offer memberships exceeded 64.18 times the issue size.

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Naidu stated that efforts are being made to ensure that aircraft production begins in the country within the next five years.

The allotment of equity shares in the offer increased the company's paid-up equity share capital to ₹160 Crore.