Blackmores is raising $117m through Goldman Sachs to strengthen its balance sheet.
The funds will also be used to fund Asian growth initiatives.
The company will secure $92m through a placement and $25m through a share purchase plan.
Shares are being sold at $72.50, an 8.1 per cent discount to their last closing price of $78.85 on Tuesday.
Namesake Marcus Blackmore and the Blackmore Foundation will not take part in the equity raise, but say they are still committed as long term shareholders.
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