Aurobindo Pharma share price jumped more than 6 per cent in intraday trade with large volumes after the announcement. Aurobindo Pharma said it will acquire the dermatology and oral solids businesses from Sandoz Inc, USA, a unit of Swiss pharmaceutical company Novartis. Aurobindo Pharma said the deal worth $900 million was expected to close in 2019...
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Novartis AG said on Thursday it would sell the dermatology and generic US oral solids portfolios of Sandoz US to Aurobindo Pharma Ltd for $900 million, as the Swiss drug maker looks to focus on higher growth areas. The deal also includes about 300 products and additional development projects of Sandoz and an additional $100 million in performance...
Northern TK Venture Pte Ltd, Singapore, a unit of IHH, will be issued 235.3 million new Fortis shares through a preferential allotment, giving it roughly 31 per cent of the company's total voting equity share capital.
The S&P BSE Sensex on Friday were 19.41 points down and closed at 35,443.67. The National Stock Exchange (NSE) benchmark index Nifty50 settled at 10,767.65. Stock markets edged lower today after two straight sessions of gains. Markets witnessed a volatile trading during the day. Stock markets largely ended flat as losses in both indexes on account...
The Fortis board will evaluate bids from Hero-Burman group, a consortium of Manipal Health Enterprises and TPG, Malaysia's IHH Healthcare Bhd and Radiant Life Care Private Ltd
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