Shasun Pharmaceuticals has got the approval from Madras High Court for Scheme of Amalgamation with Strides Arcolab Ltd. The Competition Commission of India (CCI) has issued its approval for the proposed merger of drug...
Strides Arcolab Buys Generic Business Of Bafna
Strides Arcolab Limited (Strides) has bought a majority stake of Bafna Pharmaceuticals Limited’s India branded generics business Raricap (enterprise value) of Rs 65 crore. Strides paid Rs 48.1 crore in cash and balance...
Strides Arcolab Ltd Has Completed sale of Agila Specialties
Drug firm Strides Arcolab Ltd has completed sale of its specialties division Agila Specialties Pvt Ltd to the US-based generic drug major Mylan Inc for up to $1.75 billion. However, the company has agreed to Mylan...
Aurobindo Pharma taps PEs for stake sale in injectable business
Aurobindo Pharma has initiated talks with private equity funds to sell a stake of around 30-35% in its injectable business for ₹4,500-5,250 crore ($600-700 million), as the Hyderabad-based drugmaker plans value...
Keddara, Creador join in race for Tata Capital’s stake in Shriji Polymers
A clutch of private equity funds such as Kedaara Capital, Creador, ChrysCapital and Goldman Sachs have evinced interest to acquire the 13% stake held by Tata Capital Healthcare Fund in Ujjain based Shriji Polymers...
Strides Shasun promoters raise Rs500 crore from KKR
The promoters of Bengaluru-based pharmaceuticals company Strides Shasun Ltd (formerly Strides Arcolab) have raised Rs500 crore from global private equity fund KKR & Co., according to two people aware of the...
FIPB clears Claris Lifesciences’ bid to sell global generic injectables
The Foreign Investment Promotion Board (FIPB) on Monday cleared a proposal by Ahmedabad-based Claris Lifesciences Ltd to sell its global generic injectables business to US-based Baxter International Inc. for Rs4,020...
China’s Fosun to buy Gland Pharma for $1.3 billion
Fosun’s bid for a controlling stake in Gland Pharma is a rare instance of a Chinese drugmaker seeking to buy an Indian company. Mumbai: Shanghai Fosun Pharmaceutical (Group) Co. Ltd, the Hong Kong-listed company...
Strides-Shasun Combining to Accelerate Strategy and Growth
On 29th September 2014 Board of Directors of Strides Arcolab Limited (‘Strides’) and Shasun Pharmaceuticals Limited (‘Shasun’) announced that both companies have approved Scheme of Amalgamation between the two companies...
Strides Acroloab Acquires Raricap
Mergers have played a key role in shaping the global pharmaceutical landscape. Indeed, most of the pharmaceutical companies that stayed among the world’s 20 largest between 1995 and 2005 were involved in “megamergers,”...
Sept 2015 : M&A Happenings at Bombay High Court
Industry-wise breakup of the schemes filed is as follows: Industry No. of Deals August 2015 July 2015 Agriculture 1 2 Financial Services 1 2 Investments 2 5 Information Technology 4 6 Infrastructure 1 – Food...
M&A Happenings: July 2015
Industry-wise breakup of the schemes filed is as follows: Industry No. of Deals July 2015 June 2015 Auto Components – 1 Agriculture 2 – Engineering – 3 Financial Services 2 2 Investments 5 3...