Samina Hamied steps down as Cipla executive vice chairperson. Details here
Samina Hamied steps down as Executive Vice Chairperson of the company, but will continue as a non-executive director.
Source: livemint.com
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hamied: Torrent joins fray for Hamied family stake in Cipla, up against Blackstone and Baring PE
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.
Source: indiatimes.com
cipla: Why Hamied family's exit would mark the end of an era for Cipla and millions of patients
Cipla may be privately owned, but effectively it has been a ‘national asset — with each brick representing Indian ingenuity, enterprise, and strength of character. While shareholders will most likely have no reason to complain, the end losers of Ciplas founding familys potential exit will be millions of underprivileged patients in India and the developing world.
Source: indiatimes.com