Brief: Panacea Biotec Says India Resurgence Fund To Invest Up To $144 Mln In Co

Panacea Biotec

08/04/2019 15:34

April 8 (Reuters) - PANACEA BIOTEC LTD  PNCA.NS :  
    * INDIA RESURGENCE FUND ANNOUNCED INVESTMENT OF UP TO $144
MILLION
IN CO
    * IINVESTMENT PROCEEDS WILL BE USED FOR, AMONG OTHERS,
ONE-TIME
SETTLEMENT WITH EXISTING LENDERS
    * INVESTMENT IS STRUCTURED VIA NCDS OF UP TO 8.64 BILLION
RUPEES,
SUBSCRIPTION AMOUNT OF 320 MILLION RUPEES FOR SHARE WARRANTS
    * SUBJECT TO EXERCISE OF WARRANTS, INDIARF, AFFILIATES, TO
COLLECTIVELY OWN 10.4% STAKE CO

Source text: http://bit.ly/2v1CMjb
Further company coverage:  PIRA.NS 

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