Symbiotec Pharmalab IPO: DRHP shows Rs 1,507.92 million legal claims against company

New Delhi, Aug 24 (IANS) The Draft Red Herring Prospectus (DRHP) of Symbiotec Pharmalab showed that the company is facing multiple legal proceedings, including six tax proceedings and one material civil litigation, with the aggregate amount involved against the company standing at Rs 1,507.92 million.

Symbiotec Pharmalab’s Rs 1,757 crore initial public offering opened for subscription on Monday and will remain open until August 27.