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BBCNEWS Business June 26, 2024 - Vimarsana News

BBCNEWS Business June 26, 2024

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Nirma closes in on Glenmark's API arm, emerges sole contender as bid deadline ends - Vimarsana News

Nirma closes in on Glenmark's API arm, emerges sole contender as bid deadline ends

Nirma Group is likely to acquire an 82.84% stake in Glenmark Life Sciences in a deal worth INR 6,664 to INR 7,000 crore. The company has emerged as the sole bidder following the deadline last week, with the acquisition likely to be facilitated by healthcare subsidiary Aculife Healthcare.