Pinnacle Life Science Pvt. Ltd announced that it will issue 78,125 equity shares at an issue price of INR 1,280 per share( face value of INR 10 each will be allotted by Pinnacle at a premium of INR 1,270 per share) for the gross proceeds of INR 10,00,00,000 through rights issue on March 7, 2026. The transaction will include participation from returning investor Aarti Drugs Limited.
The transaction is expected to close on March 20, 2026.
Aarti Drugs Limited is an India-based company, which is engaged in the manufacturing of active pharmaceutical ingredients (APIs), pharma intermediates, specialty chemicals and formulations. The Company operates in the pharmaceuticals segment. Its geographical segments include Out of India and India. The Company's APIs products include iprofloxacin hydrochloride, metronidazole, metformin HCL, ketoconazole, ofloxacin, and others. Its specialty chemicals include benzene sulphonyl chloride, methyl nicotinate, among others. Its pharma intermediates products include tinidazole, celecoxib, ciprofloxacin, clopidogrel, diclofenac, ketoconazole, raloxifene and zolpidem. Its products under development include alpha lipoic acid, itraconazole, ticagrelor, and sitagliptin. The Company's subsidiaries include Pinnacle Life Science Private Limited, Aarti Speciality Chemicals Limited, and Pinnacle Chile SPA.
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