Granules India hires bankers to raise $77 mn via QIP

Hyderabad-based listed drugmaker Granules India Ltd has hired two investment bankers to raise Rs 500 (around $77 million) through a qualified institutional placement (QIP), two persons close to the development told VCCircle.In early May, the company said it is looking to raise capital worth Rs 500 crore through the QIP. ......