Mumbai, India, November 12th, 2015 — Elder Pharmaceuticals Ltd (NSE: ELDERPHARM) is committed to repaying all its creditors (secured and unsecured) by raising funds through a mixture of debt, equity and asset sale. The organization has currently informed the exchanges with regards to its intention of selling its stake in its subsidiaries in UK and Bulgaria. The company has been going by way of hard money flow conditions but is on the path of recovery and has substantial asset base to cover all its liabilities. Raising funds is a time consuming approach and cannot be carried out overnight as the ‘due-diligence’ by lenders/investors takes up several months at instances.
Nonetheless, in recent times the organization has been faced with a number of litigations – numerous of which are motivated – which are in impact further delaying the company’s recovery or plans to sell assets. Due to these many legal troubles – coupled with a slow actual estate market – the business has not been capable to sell off its non- core assets swiftly or at the right price. But the efforts continue to realize the greatest value for the non-core assets.
The business has also been facing a lot of adverse publicity in the media, most of which is completely false, derogatory and defamatory and liable for libel. In spite of the motivated campaign to systematically tarnish its image the organization enjoys a powerful goodwill in marketplace which is enabling it to revive and increase its enterprise operations slowly but steadily. Once the company’s lucrative organization model reaches its earlier stage it will have sufficient money flows to take care of its various economic requirements. The only thing coming in the way are the multitude instances filed against the organization.
The business and its promoters remain committed to undertaking their ideal to repay all the liabilities and to turn about the business. This commitment is not only to the investors, creditors and depositors, but also to the far more than 1000 households who nonetheless think in the Elder dream.
Elder is a main player in the anti-infectives, multi-vitamins, cardiology and skincare segments apart from the OTC segment. Though the firm has sold off its 30 brands to Torrent far more than a year back – it still has the international rights for these brands including Shelcal, its top calcium supplement brand. Elder Pharma has already began exports of these brands to about 25 countries with many a lot more on the anvil. With overwhelming response and acceptance of its item globally, the organization is seeking at powerful prescription base in over 70 countries by March 2017. One more fast developing solution is Eldervit, a prescription drug which acts as a vitamin & minerals supplement to increase energy. In addition to injection kind, Elder has started generating Eldervit obtainable in capsules, gel capsules and sachet types to make it acceptable to all age groups. The company is a marketplace leader in wound healing and injectable B12 vitamin.
Press & Media Make contact with:
Mitesh M Kapadia
Sentinel Public Relations Pvt Ltd / Sentinel Marketing Solutions
B-603, Samajdeep, Near Bhanu Park/Seasons Restaurant
Adukia Road, Off S V Road
Kandivli (W), Mumbai 400 067 India
Mob: +91 98205 03876
Tel: (022) 28625131/32
Fax: (022) 28625133
Second Annual Glee Flash Mob – Seattle [OFFICIAL]
On April ten, 2011, 1200+ Gleeks reunited for the the biggest Glee fan occasion in the country! Developed by Egan Orion of 1 Degree Events and choreographed by Bobby Bonsey and Beth Meberg.
#flashmob #glee Our Glee fans produced history and danced at three different locations around Seattle in what was 1 of the biggest flash mobs ever! This video is of our flash mob in Westlake Park.