The company proposes to utilise the net proceeds from the fresh issue towards payment of outstanding purchase consideration to the promoter for the spin-off of the API business from the Promoter into the company on October 9, 2018; funding the capital expenditure requirements; and general corporate purposes.Glenmark Life Sciences IPO to open on July 27, price band set at Rs 695 - Rs 720 apiece
The company proposes to utilise the net proceeds from the fresh issue towards payment of outstanding purchase consideration to the promoter for the spin-off of the API business from the Promoter into the company on October 9, 2018; funding the capital expenditure requirements; and general corporate purposes.
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