Uganda's Cipla Quality Chemicals to raise $46 mln in share offering

08/17/2018 1:31:00 PM (GMT)

Uganda-based drug maker Cipla Quality Chemicals (Cipla QCIL) has announced the unit price for its initial public offering (IPO).

CiplaQCIL is floating 657 million shares at 256.5 Uganda shillings ($0.07) per share after the Uganda Capital Markets Authority approved its prospectus.

Total estimated gross proceeds of the offering are approximately $46 million.

The offer is open to the general public until August 24 and listed on the Uganda Stock Exchange, scheduled for September 24.

Cipla Quality Chemicals

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