Investment28 Apr 2025, 02:46 pm
Remedium Lifecare Launches Rights Issue with X 49.19 Crores Size
AI Summary
Remedium Lifecare Limited has announced the launch of its Rights Issue, which will open on April 30, 2025, and close on May 14, 2025. The capital raise of X 49.19 crores will be utilized to strengthen working capital, invest in R&D capabilities, scale up production, attract top talent, drive digital transformation, and accelerate global market penetration. The company is committed to international expansion, as seen by its recent X182.7 crore agreement with a UK-based pharmaceutical company.
Key Highlights
- Rights Issue size of X 49.19 crores
- Funds to strengthen working capital and R&D capabilities
- Capital raise to scale up production of high-value pharmaceutical intermediates
- Investment in digital transformation and global market penetration
- Company is committed to international expansion