Business · Companies · 3 hrs ago
Jubilant Pharmova plans first local bond issue to raise ₹800 crore
Indian pharmaceutical company Jubilant Pharmova plans to raise ₹800 crore through its first bond issue in the local market.
The proposed issue includes ₹400 crore in bonds, with an option to raise an equal amount.
The three-year bonds are expected to carry an indicative interest rate of about 8.50%.
The company is part of the Jubilant Bhartia Group, a conglomerate with businesses spanning chemicals and quick-service restaurants.
The money is expected to fund capital spending and future expansion.
Mutual funds and asset managers are expected to be among the main investors.
Book-building and final bidding are expected later this week.
Jubilant Pharmova plans to raise ₹800 crore through its first bond issue in the local market.
The issue comprises a ₹400 crore base amount and an equal greenshoe option.
The bonds are expected to have a three-year tenure and indicative pricing of around 8.50%.
The funds are likely to support capital expenditure and future expansion plans.
Mutual funds and asset managers are expected to be the main subscribers, with book-building and final bidding likely later in the week.
- Who
- Jubilant Pharmova, the pharmaceutical arm of Jubilant Bhartia Group.
- What
- It plans to raise ₹800 crore through its first local bond issue.
- When
- The report was published on November 3, 2026. Book-building and final bidding were likely later that week.
- Where
- The local bond market.
- Why
- The funds are likely to be used for capital expenditure and future expansion plans.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Total planned raise
- ₹800 crore
- Base issue
- ₹400 crore
- Greenshoe option
- ₹400 crore
- Bond tenure
- Three years
- Indicative pricing
- Around 8.50%
What people are saying
This is the first time the company is tapping the local bond market. The bonds will carry a tenure of three years and the indicative pricing for the securities is around 8.50%.