Wockhardt Ltd

Wockhardt’s QIP Proceeds On Track: No Deviations Reported 📊

- Wockhardt’s QIP of ₹1,000 Crore issued on November 11, 2024, remains aligned with stated objectives.

- Net proceeds adjusted to ₹977.79 Crore due to lower issue expenses.

- Funds utilized: ₹416.31 Cr (debt repayment), ₹32.77 Cr (capex & R&D), ₹134.00 Cr (general corporate purposes).

- Unutilized ₹394.71 Cr invested, generating ₹13.20 Cr in returns.

- CRISIL confirms no material deviations affecting project viability.