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Glenmark to sell 75% in life sciences arm to Nirma for Rs 5,651 5 cr

Glenmark Pharmaceuticals on Thursday said it will sell a 75 per cent stake in its subsidiary Glenmark Life Sciences to Nirma Ltd for Rs 5,651.5 crore.

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Local firms step up heat on M&A front

Indian companies are increasingly acquiring local assets, often outbidding private equity firms, due to their strong balance sheets. This trend is expected to continue as Indian corporates seek to strengthen their portfolios, distribution capabilities, and technology platforms.

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Washing powder maker Nirma and Sekhmet vie for $731 million Glenmark Life stake: Sources

Nirma, known for its eponymous washing detergent brand, have entered the final round of bidding for a stake of about 83% in the Mumbai-listed company held by Glenmark Pharmaceuticals Ltd which has a portfolio of 139 molecules and supplies its products to customers in India and abroad including Europe and North America. The company has four plants in India.

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Nirma, Sekhmet Vie for $731 Million Glenmark Life Stake, Sources Say

Nirma, Sekhmet Vie for $731 Million Glenmark Life Stake, Sources Say
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Don t give green clearance to Nirma for mines: Ex-BJP MLA to authorities | Ahmedabad News, The Indian Express

In response to Dr Kalsariya's letter, Nirma Ltd stated, “We would like to make a humble request to you that you are misleading these innocent villagers by telling such misleading and false things. A public hearing is being held for the first time for the proposed mining lease.”

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