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PharmEasy plans 3,500 cr rights issue next week
Mint Mumbai
|August 23, 2023
Omnichannel pharmacy chain PharmEasy will raise ₹3,500 crore through a rights issue next week, multiple people aware of the development said, helping it repay a big chunk of its loans to Goldman Sachs
Temasek Holdings, TPG, Prosus, CDPQ, Eight Roads, LGT, Abu Dhabi sovereign wealth fund ADQ, Amansa, OrbiMed and Sunil Kant Munjal’s family office have already committed to invest as much as ₹2,000 crore, one of the people cited above said. Manipal Health Enterprises founder Ranjan Pai’s family office may invest ₹1,200 crore.
“Some of the small investors, including B Capital, Everstone Capital and JM Financial, will confirm their participation once the rights issue opens next week,” the person said.
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