Genpharmasec Rights Issue 2024 FAQ's

Genpharmasec Rights Issue 2024 price is set at ₹2 per Share. The Genpharmasec Rights Issue 2024 opens on January 23, 2024, and closes on February 13, 2024, for the subscription.

The allotment of Genpharmasec Rights Issue 2024 is expected to happen on or about February 16, 2024 as per the issue schedule.

Genpharmasec Rights Issue 2024 expected to list on or around February 26, 2024.

The credit of Genpharmasec Rights Issue 2024 in Demat account is expected on or about February 21, 2024 as per the issue schedule.

The company proposes to utilize the net proceeds from the Issue towards funding the following objects:

1. To acquire Equity Shares from existing shareholders of Derren Healthcare Private Limited and make it a subsidiary Company
2. To repay or prepay, in full or in part, certain Borrowings availed by our Company.
3. To part finance the requirement of Working Capital;
4. To meet General corporate purposes;
5. To meet the expenses of the Issue.