Heard the Q3 concall of Piramal Pharma. They r planning a fundraise of 1050 cr. The stock price is at a rock bottom.
The fund raise completion tgt is Q2 FY 24.
Question – Are they reasonably confident of a good Q4, Q1 which bumps their stock price before their fund raise. Can’t think of any other scenario where in the company wants to do a fund raise at depressed valuations 
Its just a conjecture. Is it a valid one… time will tell.
Lets hope for the best !!!
Disc : invested, biased.
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