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1mg looks to raise $17 Mn debt from existing investors

Shortpedia

Content Team
Image Credit: shortpedia

Online pharmacy 1mg is raising INR 133 Cr ($17 Mn) in debt from existing investors MPOF Mauritius, MAF Mauritius, HBM Healthcare Investment, AG’s subsidiary KWE Beteiligungen and World Bank’s investment arm International Finance Corporation (IFC). According to the ministry of corporate affairs filing, 1mg has accorded to offer, issue and allot from time-to-time up to 38,668 Class 6 12% compulsorily convertible debentures (CCD).