Cotec Healthcare Files Draft Papers for ₹295 Crore IPO, Targeting Indian Pharma Growth
AI-Generated Summary
Cotec Healthcare Ltd has filed preliminary papers with SEBI for an Initial Public Offering (IPO) to raise ₹295 crore. The funds are primarily intended to expand manufacturing capacities and introduce new products, capitalizing on the rapidly growing Indian pharmaceutical market.
In a nutshell
This IPO filing signals Cotec Healthcare's strategic move to strengthen its position as a leading CDMO player, aligning with the significant projected growth in India's pharmaceutical sector, which is poised for substantial expansion over the next decade.
Source: The Hindu Business Line
