Nirma to tap into own funds, debt to buy Glenmark Life Sciences

Nirma has roped in BCG and KPMG to advise it on the fundraising options for the acquisition.

The company had earlier informed banks that it would raise Rs 5,000 crore to Rs 7,000 crore in the current financial year for the acquisition.

Bankers said the company will rely on its funds and future GLS dividend to repay its debt for acquisition.

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