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VERIFIEDET Stocks·neutral
Sun Pharma to raise Rs 10,000 crore to part-finance Organon deal
AI Summary
- ·Sun Pharmaceutical Industries plans to raise ₹10,000 crore via two tranches of rupee-denominated bonds.
- ·The funds will be used to part-finance the $11.75 billion Organon acquisition.
- ·The first tranche of ₹7,000 crore will have a coupon rate of 8.20%.