Elder Pharmaceuticals is planning to raise $50 Mn through QIP. Part of the fund raised will be utilised to repay its debt which stands at around Rs.500 crore, while the balance will be used to complete projects at its R&D facility in Vashi, Maharashtra. Elder Pharma has presence in therapeutic segments like women's healthcare, wound care and pain management, nutraceuticals, anti-infective and lifestyle disease care. |