India's Emcure Pharma jumps 35% in debut trade at $223m valuation

India's Emcure Pharma jumps 35% in debut trade at $223m valuation

Indian drugmaker Emcure Pharmaceuticals’ shares rose 34.9% in debut trade on Wednesday, beating analysts’ estimates and valuing the company at 18.64 billion rupees ($223.3 million), as its strong presence in women’s healthcare and HIV treatments drew investors.