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Wanbury Limited Announces Financial Results and Strategic Initiatives

Story Highlights
  • Wanbury Limited approved unaudited financial results for Q3 and nine months of 2024.
  • The company plans to raise INR 175 crore through non-convertible debentures and grants 200,000 stock options.
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Wanbury Limited Announces Financial Results and Strategic Initiatives

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The latest update is out from Wanbury Limited ( (IN:WANBURY) ).

Wanbury Limited’s board has approved the unaudited financial results for the quarter and nine months ending December 31, 2024. Additionally, the company plans to raise INR 175 crore through the issuance of non-convertible debentures in a private placement, and it has granted 200,000 stock options to employees under its ESOP 2016 scheme. These actions are likely to strengthen Wanbury’s financial position and incentivize its workforce, potentially enhancing its market competitiveness.

More about Wanbury Limited

Wanbury Limited operates in the pharmaceutical industry, focusing on the production and marketing of active pharmaceutical ingredients (APIs), formulations, and contract research and manufacturing services. The company primarily serves both domestic and international markets.

YTD Price Performance: -27.70%

Average Trading Volume: 22,819

Current Market Cap: 7.55B INR

Find detailed analytics on WANBURY stock on TipRanks’ Stock Analysis page.

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