The price at which the debt securities will be issued shall be determined by the board in accordance with applicable laws and in consultation with appropriate advisers. (Shutterstock)Glenmark Pharmaceuticals on Saturday said its shareholders have approved a proposal to raise up to $200 million (about Rs 1,413 crore) through issuance of debt securities. According to the proposal, the firm plans to raise up to $200 million in Indian and/or international markets through bonds, debentures or other debt securities in one or more tranches. Apollo HospitalsApollo Hospitals Enterprise on Saturday said it has received shareholders’ nod to raise up to Rs 500 crore through issuance of non-convertible debentures on private placement basis. The proposal was approved by the requisite majority in the AGM held on September 27.

Source: The Telegraph September 28, 2019 17:15 UTC