India's Emcure Pharma eyes $500m IPO next year

India's Emcure Pharma eyes $500m IPO next year

FILE PHOTO: A general view of the Bombay Stock Exchange (BSE) in Mumbai, India, January 21, 2021. REUTERS/Francis Mascarenhas/File Photo

India’s Emcure Pharmaceuticals aims to raise $400-500 million from an initial public offering planned for next year, two sources said, reviving listing plans the drugmaker shelved in early 2022 as the Ukraine war roiled global markets.