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Wockhardt to raise Rs 800 cr via IPO (The Economic Times 29th Jan 2008)Multi-specialty hospital chain Wockhardt will raise Rs 800 crore through an initial public offering (IPO). The money would be used to set up 17 new hospitals by 2010 and also repay debt. The company would tap the capital market with an issue of over 2.5 crore equity shares of Rs 10 each, representing 24% of its post-issue capital. It will offer the shares in a price band of Rs 280-310. The issue will open for subscription on January 31 and close on February 5. Post public issue, the promoters will have around 71% stake in the company. More
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