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The net proceeds from the right issue will be utilized towards the following objectives;
Wockhardt Ltd is a research-based global pharmaceutical companies in India. It is engaged in the research and development, manufacturing, and distribution of pure and branded generies, vaccines, biosimilars, active pharmaceutical ingredients (APIs). It manufactures and distributes pharmaceutical products across acute therapeutic areas i.e. pain management, cough, steroids, nutrition, anti-infective, acute dermatology, and chronic therapeutic areas i.e. diabetes, neuropsychiatry, chronic pain and chronic dermatology, etc.
As of December 31, 2021, it has 12 manufacturing facilities, eight in India, 1 in UK, US, Ireland, and UAE.
