Jubilant Pharma To Raise Over $100 Million, Plans To Consolidate Pharma Biz
5/30/2014 7:05:08 AM
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Jubilant Pharma to raise around $50 million from International Finance corporation and another $60 million by way of quasi-equity. With this financing, JLS plans to consolidate its pharmaceutical business under JPL. This financing package will help Jubilant Life Sciences Limited, India (JLS the Parent of Jubliant Pharma) to de-couple its pharmaceutical business from its life science ingredients (LSI) business and enhance shareholder value. The proposed IFC-led financing package will help provide a counter cyclical and long-term financial support to Jubilant Pharma Limited, Singapore (JPL) and through JPL, to its parent company, Jubilant Life Sciences Limited, India (JLS or the Parent).
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