In the competitive business world today, companies are always looking for ways to minimize costs and increase revenue. In this process, many times companies are amalgamated, merged, demerged, or .
Mankind s new subsidiary will have an initial paid-up capital of Rs 5 crore with a further investment of up to Rs 250 crore in one or more tranches, the press statement added.
The OTC business generated revenue of ₹704 Crore for the financial year 2023, accounting for 8.7% of Mankind Pharma's total annual revenue of ₹8,127 Crore.
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The article discusses the liquidation preference right provided to financial investors by their portfolio companies and various kinds of liquidation events.