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Investors oversubscribe PharmEasy’s rights issue
short by Harsh / on Tuesday, 31 October, 2023
Medicine-delivery player PharmEasy, which was grappling with a debt pile and some weakness in business, has received a timely boost. Existing investors have oversubscribed its right issue of Rs 3,500 crore ($420 million). Additionally, the company recorded an EBITDA of Rs 60 crore ($7.2 million) in the six-month period from April to September 2023.
read more at The Arc