02 September 2011

Brooks Laboratories to list shares on September 5


Brooks Laboratories , a pharmaceutical contract research and manufacturing services company, will list its equity shares on exchanges on Monday, September 5.
The company has fixed the issue price at higher end of price band of Rs 90-100 a share.
The Rs 63-crore issue was opened for subscription during the August 16-18, 2011.
Brooks intends to use issue proceeds for setting up a new manufacturing unit at JB SEZ Pvt Ltd, Panoli, Gujarat for manufacturing various pharmaceuticals formulations with cost of Rs 51.8 crore. It also needs Rs 5 crore for long-term working capital.

No comments:

Custom Search
Get