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Glenmark Pharma to sell 75% stake in Glenmark Life Sciences to Nirma for Rs 5,652 cr

Glenmark Pharma to sell 75% stake in Glenmark Life to Nirma for Rs 5,652 crore

Glenmark Pharmaceuticals will sell 9,18,95,379 shares in the subsidiary at Rs 615 a share. The 75% stake sale in Glenmark Life Sciences will trigger an open offer to the minority shareholders of the company, as per the regulatory norms

Nirma to pick up 75% stake in Glenmark Life Sciences for ₹5,651 crore, to make open offer

Nirma to pick up 75% stake in Glenmark Life Sciences for ₹5,651 crore, to make open offer
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