InvestorQ : Has Macleods Pharma put off its IPO plans for now?
Dhwani Mehta made post

Has Macleods Pharma put off its IPO plans for now?

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Dilmini Mercia answered.
2 weeks ago
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Macleods Pharmaceuticals has decided to defer their mega IPO plans worth Rs5,000 crore. It was supposed to be one of the biggest pharma IPOs, but market conditions are apparently not conducive enough. This decision was taken after discussions with key investors. Earlier, PharmEasy the digital pharma market place, had also deferred its Rs7,500 crore IPO. Instead of doing the IPO, Macleods Pharma will now look to raise around $100 million via private sale. Macleods Pharma is a cash-rich, zero debt business, based out of Mumbai.

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