Marksans Pharma Share Price

On April 16, 1982, the public firm Marksans Pharma Limited was formed. Pharmaceutical formulation research, production, marketing, and sales are the core activities of the Company. Verna Goa and R & D facility in Navi Mumbai is where the Company does its research and development.

On March 30th, 2015, the Company issued and assigned 24006494 equity shares, each with a par value of Rs 1/-, to qualified institutional purchasers under the QIP in exchange for cash in the number of Rs54.67 (including premium) per Equity Share. The Board of Directors, in its meeting on February 7, 2015, resolved to redeem all 13,50000 7% Redeemable Cumulative Preference Shares with a par value of Rs100 each out of earnings in instalments before the redemption deadline of March 27, 2018. As a result, the Board of Directors redeemed 100,000 preference shares at par on February 7, 2015. In 2015, the firm issued 500,000 bonds with a face value of $1,000 apiece.

As of the reporting date, the Company has repurchased and canceled 49939 bonds. There are only 61 untraced Bonds with a principal value of $1,000 (out of a total of 50,000 Bonds). In 2017, the Company repurchased Rs100/-per-share in preference shares for a total of 1,500,000 shares. With effect from March 31st, 2017, the total number of issued and paid-up preference shares was lowered from 1250000 shares at Rs100/- each to 1100000 shares at Rs100/- each.

According to MoneyWorks4Me, the current price trend for Marksans Pharma Ltd is Weak, pointing to a possible price drop in the near future. Before making any purchases, however, it is essential to examine the Quality and Valuation ratings. Both of Marksans' APIs factories can be found in Pune. There are now 1140 TPA in production, 600 of which are quinolones, 360 of which are ranitidine, and 180 of which are miscellaneous products.

For contract production of 30 generic pharmaceuticals aimed at European markets, the business has formed relationships with the top 8 MNC generic companies. In addition, for the next decade or so, it will be supplying a number of different firms with items under license. Do you want to know more about Marksans Pharma Shares? Click Here to know about Marksans Pharma Share Price for today.