A donated defibrillator has gone missing from a window at Unichem Pharmacy in Springvale. Pharmacy owner Melina Holmes said both the machine and its box had.
Ipca Labs acquired 33.38 percent of Unichem in August which triggered an open offer. Ipca Labs received the approval of the Competition Commission of India for this acquisition on July 27, 2023
"Whenever we have seen a change of management like this, it has worked positively for shareholders. Look at what happened in JB Chemicals, and even then UniChem. All the acquisitions which have taken place in the pharma industry have been very positive for both the acquirer as well as the acquired company. They also have been able to unlock a lot of synergy. So I am very positive on this particular development in Cipla, being a shareholder and a disclosure, we and our clients are invested in it."
Torrent Pharma is reportedly vying to acquire the Hamied family s stake in Cipla, which could become the largest pharmaceutical deal since 2014. If successful, the deal could create India s second-largest drugmaker by revenue. Other potential buyers include Blackstone and Baring PE Asia-EQT. Torrent Pharma is said to be forming a consortium with private equity funds and has approached multiple lenders for funding.
Vedanta stood at the top spot in terms of deal size with Twin Star Holdings selling stake worth Rs 3,983 crore. Copthall Mauritius, Societe Generale bought stakes worth Rs 2,194 crore and Rs 761 crore, respectively, in the metal major.