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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. ....

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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. ....

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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. ....

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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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