Trilegal and Best Friend AO wrap up Glenmark QIP

Glenmark raised Rs. 300 crores ($62.5 million) through Qualified Institutional Placements (QIP) on Friday. Glenmark is the latest entrant into the list of companies, including ING Vysya, Nagarjuna Construction and Akruti City, which have issued QIPs this year as a means of reducing their corporate debt burden.