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These expansion costs are unavoidable, whether incurred through marketing or idle expenses. Most of our current burn is due to expansion. Based on our growth trends, we could have covered our expansion costs.
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Macquarie said that the sector is currently at a turning point, driven by increased pharmaceutical outsourcing due to drug pricing pressures and geopolitical factors, prompting a global restructuring of the pharmaceutical supply chain.
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After delisting from the Indian bourses in November 2020, the software services company returned to the capital market by selling shares worth 8,750 crore in the IPO last week, making it the largest Indian IT services IPO exceeding Tata Consultancy Services' 4,713 crore public issue in 2004.
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