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The company announced a generous support package for affected employees, including voluntary redundancy, re-skilling opportunities, and cross-matching for other roles.

The company will use net proceeds from the fresh issue towards repayment of debts, investing in subsidiary and for other working capital requirements.

Asian markets trading higher on Thursday morning after the Wall Street ends on higher note.

According to data released on Wednesday, consumer prices in the United States rose 0.2% last month, mirroring the increase seen in July.

The dollar rose against the yen after a volatile day on Wednesday that saw the US currency fall as much as 1.24%

Eugia Steriles, a 100% subsidiary of Eugia Pharma Specialities and a step down arm of Aurobindo Pharma, operates the new plant.

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Securities placed under the ban have surpassed 95% of MWPL, triggering the stock exchange's ban period.

Brent crude futures for November were up 24 cents, or 0.34%, to $70.86 a barrel. US crude futures for October were up 20 cents, or 0.30%, at $67.52.

The company will list its shares on September 16.