Cadila Healthcare Gains on Nod to Raise Rs 5,000 Crore

Cadila Healthcare shares gained as much as 3 per cent on Friday as it got nod from the government to raise Rs 5,000 crore via fresh equity.  The Foreign Investment Promotion Board (FIPB) on Thursday approved five foreign investment proposals which also included Cadila's Rs 5,000 crore equity infusion proposal.  Under this plan, Cadila will infuse equity of up to Rs 5,000 crore through issue of shares to qualified institutional buye...