Investment20 Aug 2025, 10:44 am
Welcure Drugs to Establish Agro-Pharma Research Lab, Plans Fund-Raise via QIP
AI Summary
Welcure Drugs & Pharmaceuticals Ltd. has announced that its Board of Directors will meet on 28th August 2025 to consider the proposal for establishing a dedicated Agro-Pharma Research Laboratory. The objective is to research, validate, and scale processes for converting agricultural/botanical inputs into pharma-grade products. The estimated project cost is 70-80 crore. The company also plans to raise up to 80 crore through a Qualified Institutional Placement (QIP) to fund the project and for general corporate purposes. The proposal is subject to necessary approvals.
Key Highlights
- Welcure Drugs to establish a dedicated Agro-Pharma Research Laboratory
- Objective is to research, validate, and scale processes for converting agricultural/botanical inputs into pharma-grade products
- Estimated project cost is 70-80 crore
- Company plans to raise up to 80 crore through a Qualified Institutional Placement (QIP)
- Proposal is subject to necessary approvals