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Nirma, two others in race to buy Glenmark Life

Originally, five bidders were in the race to buy the company which reported a turnover of Rs 2,161 crore and a net profit of Rs 466.96 crore for the year ended March 2023.

Samarskaya oblastMahavir lunawatEmami groupGlenmark lifeSekhmet pharmaventuresSamara capitalManaging directorPantomath capital advisorsPharma companiesActive pharmaceuticals ingredientKarsanbhai patelIrma detergent segmentNuvoco vistasNdian express news

Nirma Closes in on Glenmark s API Arm - The Economic Times

The Nirma Group is the frontrunner to acquire Glenmark Life Sciences (GLS), an 82.84% subsidiary of Glenmark Pharmaceuticals. The Ahmedabad-based detergents-to-cement conglomerate emerged as the sole bidder late last week, the deadline to submit firm offers for the business, said people with knowledge of the matter.

India generalSamarskaya oblastSekhmet pharmaventuresKarsanbhai patelNirma aculifeGlenn saldanhaStericon pharmaKotak mahindraLafarge holcimAxis bankGlenmark pharmaceuticalsNirma groupHindustan unilever ltdGlenmark life sciencesStandard chartered bankHindustan lever ltd

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.

Samarskaya oblastIndia generalKotak mahindraKarsanbhai patelGlenn saldanhaLafarge holcimNirma aculifeSekhmet pharmaventuresStericon pharmaHindustan lever ltdAxis bankHindustan unilever ltdGlenmark life sciencesNirma groupGlenmark pharmaceuticalsStandard chartered bank

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.

United statesSamarskaya oblastGlenmark pharmaCathy chanSekhmet pharmaventuresNirma ltdGlenmark pharmaceuticals ltdGlenmark life sciences ltdAnjan drug pvt ltdGlenmark lifeSamara capitalAnjan drug pvtWashing powderGlenmark life sciences

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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United statesSamarskaya oblastBloomberg indianSekhmet pharmaventuresCathy chanGlenmark pharmaAnjan drug pvt ltdGlenmark pharmaceuticals ltdNirma ltdGlenmark life sciences ltdGlenmark lifeSamara capitalAnjan drug pvt