The bids were submitted after allowing time to the suitors to conduct a limited due diligence that included access to some data and confidential financial information. As the next step, NIIF will communicate a shortlist of suitors over the next few weeks after which two or at best three will be allowed to conduct detailed due diligence, according to the sources.
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KKR & Co. is reportedly considering selling its 53.8% controlling stake in Indian pharmaceutical company JB Chemicals & Pharmaceuticals Ltd. The US private equity firm is said to be exploring options and seeking financial advisers for a potential sale, with other buyout firms and industry players expressing preliminary interest. JB Pharma s shares have seen a 68% increase in the past year, valuing the company at just over $3 billion.
Dr BS Ajaikumar, Executive Chairman of Healthcare Global, is focused on achieving margin and expects growth. HCG plans to do more M&As and is looking for a long-term partner. There is potential for significant growth in oncology, driven by increased private insurance and expansion into tier II and III cities.
PONTPIERRE, France FDE (Euronext: FDE - ISIN: FR0013030152), a carbon negative energy producer, has agreed to acquire a controlling stake in Greenstat ASA,