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Thyrocare: PharmEasy parent seeks shareholder nod to increase authorised share capital, Retail News, ET Retail

Thyrocare: The board notified its shareholders about increasing the authorised share capital to Rs 3,500 crore (about $423.72 million), divided into 3,000 crore equity shares of Re 1 each, and 500 crore preference shares of Re 1 each. A company increases its authorised share capital to pump in new money from investors. ....

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Opinion: The PharmEasy saga: An SOS call and a billionaire's low ball, ET Retail

The media has been abuzz with the news of a 90% down round of API Holdings Limited - the holding company for Pharmeasy - India s largest online pharmacy. PharmEasy plans to raise around Rs 2,400 crore through a rights issue at a 90% discount to its peak stock price to repay its loan from Goldman Sachs. As per Industry sources, Billionaire Ranjan Pai s family office is offering to buy 18% for INR 1000 crores along with other private equity firms TPG and Temasek. ....

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Pharmeasy: Ranjan Pai to buy 18% in PharmEasy for Rs 1k cr

India Business News: BENGALURU: Billionaire Ranjan Pai's family office is pumping Rs 1,000 crore for about an 18% stake in API Holdings, the parent entity of online pharma. ....

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