Friday, 24 March, 2023

PharmaEasy withdraws IPO plans citing market conditions

<p>API Holdings, the company that owns PharmEasy, the largest online pharmacy in India, withdrew its preliminary registration for an IPO invoking market conditions and strategic considerations. The Mumbai-based business intends to acquire money by issuing convertible preference shares through a rights offering. The opening is scheduled for sometime during the first week of September, with the anticipated price per share being Rs 100 ($1.25).</p>