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Jubilant Pharma ratings unaffected by proposed reorganisation: Fitch


Jubilant Pharma ratings unaffected by proposed reorganisation: Fitch
ANI |
Updated: Jul 30, 2021 12:20 IST
Mumbai (Maharashtra) [India], July 30 (ANI): The proposed transfer of Jubilant Pharma Ltd s (JPL s) active pharmaceutical ingredients (API) business to its parent Jubilant Pharmova Ltd (JPHL) will not affect JPL s ratings, says Fitch Ratings.
The reorganisation is unlikely to change assessment of linkages between JPL and JPHL. Thus Fitch will continue to rate JPL based on the parent s consolidated profile which will remain unaffected by the reorganisation.
Fitch expects JPL s financial profile to remain comfortable as the API business s limited earnings contribution will minimise the impact.
JPHL aims to complete the reorganisation over the next year, subject to receipt of certain regulatory and other approvals, including from the lenders. ....

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Jubilant Pharma's Ratings Unaffected by Proposed Reorganisation: Fitch

Jubilant Pharma's Ratings Unaffected by Proposed Reorganisation: Fitch
moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.

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Noida: Families of COVID patients touch feet of CMO, ask for Remdesivir


Noida: Families of COVID patients touch feet of CMO, ask for Remdesivir
ANI |
Updated: Apr 28, 2021 10:18 IST
Gautam Buddh Nagar (Uttar Pradesh) [India], April 28 (ANI): Amid the shortage of medical supplies due to the worrying rise in COVID-19 cases, families of COVID-19 patients in Noida were seen touching the feet of the Chief Medical Officer asking for essential medicines.
In the video that made rounds on the internet, relatives were seen touching the feet of CMO Deepak Ohri, requesting that they be provided with the anti-viral drug Remdesivir.
As per the union health ministry, there are currently 3,04,199 active COVID-19 cases in Uttar Pradesh, one of the highest in the country. ....

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