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Wockhardt Ltd — Capital/Financing Update 2024
Mar 26, 2024
59231_rns_2024-03-26_2ce58846-ca78-42c5-8e41-3741d66b5446.pdf
Capital/Financing Update
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Ref. No.: WOCK/SEC/SE/2023-24/079 Date: 26[th] March, 2024
BSE Limited National Stock Exchange of India Limited Corporate Relations Department Listing Department P J Towers, Exchange Plaza Dalal Street Bandra Kurla Complex, Bandra (E), Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 532300 NSE Symbol – WOCKPHARMA
Dear Sir/Madam,
- Re: Qualified institutions placement of equity shares of face value of ₹ 5 each (the “Equity Shares”) to qualified institutional buyers (“QIB”) by Wockhardt Limited under the provision of Chapter VI of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and Sections 42 and 62 of the Companies Act, 2013, read with Rule 14 of the Companies (Prospectus and Allotment of Securities) Rules, 2014, each as amended, (the “Issue”)
Sub: Outcome of the meeting of the Capital Raising Committee
In furtherance to our earlier intimation bearing reference no. WOCK/SEC/SE/2023-24/075 dated 20[th] March, 2024 and WOCK/SEC/SE/2023-24/078 dated 26[th] March, 2024, with respect to the Issue which opened on Wednesday, 20[th] March, 2024 and closed on Tuesday, 26[th] March, 2024, we wish to inform you that the Capital Raising Committee of the Company at its meeting held today, i.e. Tuesday, 26[th] March, 2024, approved the issue and allotment of 92,85,163 Equity Shares, to eligible QIBs at the issue price of ₹517/- per Equity Share (including a premium of ₹512/- per Equity Share), which includes a discount of ₹27.02/- per Equity Share being equivalent to 4.97% of the floor price, as determined in terms of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, aggregating to ₹ 480,04,29,271 (Rupees Four Hundred and Eighty Crore Four Lakh Twenty Nine Thousand Two Hundred Seventy One Only), pursuant to the Issue.
Pursuant to the allotment of Equity Shares under the Issue, the paid-up equity share capital of the Company stands increased from ₹ 72,05,78,865 consisting of 14,41,15,773 Equity Shares of ₹ 5 each to ₹ 76,70,04,680 consisting of 15,34,00,936 Equity Shares of face value of ₹ 5 each. The shareholding pattern of the Company after the Issue, will be submitted along with listing application in the format specified in Regulation 31 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“ SEBI Listing Regulations ”).
The Capital Raising Committee meeting commenced at 9.40 p.m. and the meeting was
concluded at 10.00 p.m.
Further find attached herewith the list of allottees who have been allotted more than five percent (5%) of the Equity Shares of the Issue size marked as Annexure A .
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The details, as required to be disclosed under Regulation 30 of SEBI Listing Regulations read with SEBI Circular dated 13[th] July, 2023 are enclosed as Annexure B .
We request you to take the above on record pursuant to compliance under SEBI Listing Regulations.
Thanking you, For Wockhardt Limited
Rashmi Digitally signed by Rashmi Dinesh Dinesh Mamtura Date: 2024.03.26 Mamtura 22:07:21 +05'30'
Rashmi Mamtura Company Secretary
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ANNEXURE A
LIST OF ALLOTTEES WHO HAVE BEEN ALLOTTED MORE THAN 5 PER CENT (5%) OF THE EQUITY SHARE ISSUED IN THE QUALIFIED INSTITUTIONS PLACEMENT
| Sr. No. |
Name of the Allottees | Shares allotted | % shares allotted to total Issue Size |
|---|---|---|---|
| 1(a) | ICICI PRUDENTIAL ELSS TAX SAVER FUND | 6,10,700 | 6.58% |
| 1(b) | ICICI PRUDENTIAL EQUITY & DEBT FUND | 7,43,264 | 8.00% |
| 1(c ) | ICICI PRUDENTIAL PHARMA HEALTHCARE AND DIAGANOSTICS (P.H.D) FUND |
5,80,271 | 6.25% |
| **Sub-total ** | 19,34,235 | 20.83% | |
| 2 | TATA INDIANOPPORTUNITIESFUND | 13,53,965 | 14.58% |
| 3 | 3P INDIA EQUITY FUND 1 | 14,89,360 | 16.04% |
| 4(a) | MIRAE ASSET HEALTHCARE FUND MIRAHCFD |
4,83,556 | 5.21% |
| 4(b) | MIRAE ASSET FLEXI CAP FUND | 1,54,740 | 1.67% |
| 4(c) | MIRAE ASSET MULTICAP FUND | 2,32,110 | 2.50% |
| **Sub-total ** | 8,70,406 | 9.37% | |
| 5 | COHESION MK BEST IDEAS SUB-TRUST | 5,80,270 | 6.25% |
| 6 | INEVSCOINDIASMALLCAP FUND . | 5,80,270 | 6.25% |
| 7 | GAGANDEEPCREDITCAPITAL PVT LTD | 5,07,000 | 5.46% |
| 8 | SUBHKAM VENTURESI PVT LTD | 5,00,000 | 5.38% |
For Wockhardt Limited
Rashmi Digitally signed by Rashmi Dinesh Dinesh Mamtura Date: 2024.03.26 Mamtura 22:07:55 +05'30' Rashmi Mamtura Company Secretary
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| Annexure – B | ||
|---|---|---|
| **Sr.No. ** | Particulars | Details |
| 1. | Type of securities proposed to be issued (viz. Equity shares,convertibles etc.) |
Equity Shares |
| 2. | Type of issuance (further public offering, rights issue,depository receipts (ADR/GDR), qualified institutions placement, preferential allotment etc.) |
Qualified Institutions Placement ("QIP") |
| 3. | Total number of securities proposed to be issued or the total amount for which the securities will be issued (approximately) |
92,85,163 Equity Shares of face value ₹ 5 each at a price of ₹517/- per Equity Share (including a premium of ₹512/- per Equity Share) which includes a discount of ₹27.02/- per Equity Share equivalent to 4.97% to the floor price of ₹544.02/- per Equity Share, aggregating to ₹ 480,04,29,271 in accordance with the SEBI ICDR Regulations |
| 4. | In case of preferential issue the listed entity shall disclose the following additional details to the stock exchange(s) |
Not Applicable |
| 5. | In case of bonus issue the listed entity shall disclose the following additional details to the stock exchange(s) |
Not Applicable |
| 6. | In case of issuance of depository receipts (ADR/GDR) or FCCB the listed entity shall disclose following additional details to the stockexchange(s): |
Not Applicable |
| 7. | In case of issuance of debt securities or other non- convertible securities the listed entity shall disclose following additional details to the stock exchange(s) |
Not Applicable |
Thanking you, For Wockhardt Limited Rashmi Digitally signed by Rashmi Dinesh Dinesh Mamtura Date: 2024.03.26 Mamtura 22:08:26 +05'30' Rashmi Mamtura Company Secretary
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