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Glenmark Pharmaceuticals subsidiary Glenmark Life Sciences to raise ₹1,060 crore through IPO


Glenmark Pharmaceuticals subsidiary Glenmark Life Sciences to raise ₹1,060 crore through IPO
Bhakti Makwana
Glenmark Life Sciences will reportedly launch its IPO on July 27.
Parent company Glenmark Pharmaceuticals will reduce its stake in the company and make an offer for sale of up to 63 lakh shares.
The stock will reportedly be listed on August 6 on exchanges.While the year 2021 has already seen 35 initial public offerings (IPO) on exchanges, there are many more in the queue. Glenmark Pharmaceuticals’ subsidiary Glenmark Life Sciences is next in line to launch its initial share sale. The company has announced to raise ₹1,060 crore through the IPO. ....

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