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  • in Health care

    Indoco Remedies acquires 85 percent equity stake of FPP Holding for over Rs 33 crore from Contract Pharmacal Corp.

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    Mumbai: Indoco Remedies Limited, a fully integrated, research-based pharma company has acquired 85 percent of equity stake of the US-based FPP Holding Company, LLC for USD 4 million from Contract Pharmacal Corp. (“CPC”). FPP Holding is the holding company of Florida Pharmaceutical Products, LLC which is based in Florida and engaged in marketing and distribution […] More

  • in Health care

    Glenmark Pharma weighs selling stake in Glenmark Lifesciences

    Glenmark Pharma weighs selling stake in Glenmark Lifesciences

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    Bengaluru: India’s Glenmark Pharmaceuticals Ltd is considering selling a majority of the 82% stake it holds in Glenmark Life Sciences Ltd as it looks to lower its debt load, the Mint business daily reported on Tuesday. Glenmark Pharma has hired Kotak Mahindra Capital Co Ltd to oversee the sale of its stake in Glenmark Life and […] More

  • in Health care

    Temasek to buy additional 41 percent stake in Manipal Health Enterprises

    Temasek to buy additional 41 percent stake in Manipal Health Enterprises

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    Bangalore: Manipal Health Enterprises (MHE) has announced that Temasek has signed definitive agreements to acquire an additional 41% stake in MHE.  Following the closing of the transaction, Manipal Group will hold about 30% of MHE. Sheares Healthcare Group, a wholly-owned subsidiary and independently-managed portfolio company of Temasek, will retain its existing 18% stake. Leading global […] More