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This is an archive article published on March 26, 2010

Jubilant to raise up to Rs 5 bn via QIP

Jubilant has set a floor price of Rs 344.5 a share for a qualified institutional placement.

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Drugmaker Jubilant Organosys has set a floor price of Rs 344.5 ($7.6) a share for a qualified institutional placement (QIP),a source with direct knowledge of the development said on Friday.

The drug maker is planning to raise up to Rs 5 billion through the offering,the company said in a statement.

Royal Bank of Scotland and Nomura are the arrangers to the issue.

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