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Glenmark Pharma soars to 52-week high on positive management commentary

Glenmark Pharma soared as management s bullish FY25 targets offset weak quarterly earnings. Despite widening losses due to impairment charges, adjusted net profit nearly tripled, driven by a stake sale in Glenmark Life Sciences. ....

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Nirma: Nirma to raise Rs 3,500 cr via bonds, pay upto 8.5%

Nirma entered into a deal with listed Glenmark Pharmaceuticals in September 2023 to buy a 75% stake in Glenmark Life Sciences for ₹5,650 crore. Nirma plans to fund the acquisition by the end of the current fiscal year. ....

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Glenmark India business will be back on track in Q4: Glenn Saldanha

Glenmark India business will be back on track in Q4: Glenn Saldanha
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