Daily Kiran : Latest News Headlines, Current Live Breaking News from India & World

Jubilant Pharmova’s arm enters into loan agreement with Standard Chartered Bank

Jubilant Pharmova
Jubilant Pharmova

Jubilant Pharmova’s step down subsidiary — Jubilant Pharma Holdings Inc (JPHI) has entered into loan agreement with Standard Chartered Bank. The agreement is for five year loan facility for repayment of existing term loan and bonds aggregating $350 million and additional tranche of $50 million for future growth capex.

Jubilant Pharmova (formerly Jubilant Life Sciences) is a company engaged in pharmaceuticals, contract research and development services and proprietary novel drugs businesses.