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Jubilant Pharma arm to raise Rs 3,186 crore loan from Standard Chartered Bank to repay debt
New Delhi: Jubilant Pharma Holdings on Wednesday said it has signed an agreement with Standard Chartered Bank for a five-year loan of USD 400 million, about Rs 3,186 crore. Majority of the amount will be used for repayment of existing term loan and debt bonds, the company said in a regulatory filing.While the term loan and bonds aggregate to USD 350 million, about Rs 2,787 crore, the company...
New Delhi: Jubilant Pharma Holdings on Wednesday said it has signed an agreement with Standard Chartered Bank for a five-year loan of USD 400 million, about Rs 3,186 crore. Majority of the amount will be used for repayment of existing term loan and debt bonds, the company said in a regulatory filing.
Ruchika Sharma joined Medical Dialogue as an Desk Editor for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751