By: IPP Bureau
Last updated : December 08, 2022 11:26 am
The proceeds of the issue has been/will be reinvested in the company and to meet its own business requirements.
Certain promoter group entities of Wockhardt Limited have disposed-off a part of their equity shareholding in the Company aggregating to 77,60,000 shares of the existing Total Voting rights of the Company through open market sale on Stock Exchanges platform. The proceeds of the issue has been/will be reinvested in the company and to meet its own business requirements.
Further, the Promoter and Promoter Group re-emphasizes its complete faith in future growth prospects of the company and remains fully committed to pursue its long-term business goals by providing all necessary support, whether financial or otherwise, wherever required.