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Friday, October 23, 2026Updated 07:24 UTC

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Sun Pharma raises Rs 7,816 crore, misses bond target

Source: Economic Times · Oct 23, 2026 00:48 UTC

Aerial view of a rail freight yard in Cincinnati with rows of freight cars — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

Sun Pharma successfully secured ₹7,816 crore in its latest fundraising round, yet it fell short of its ambitious ₹10,000-crore target. The company opted for five- and seven-year bonds, pricing them at 8.05% and 8.20% respectively. A significant ₹2,100 crore was raised through anchor investments to bolster this effort, although rising market yields have made investors cautious about committing fund

Read the full story at Economic Times

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