CIPLA LTD, BEST known as an innovator that broke the monopolies of multinational pharmaceutical giants to sell affordable drugs for AIDS and the flu, has suddenly become the pill that big investors and rivals want to pop.
Set up in 1935 by Khwaja Abdul Hamied, a chemist and disciple of M.K. Gandhi, Cipla is also a star of India’s freedom movement with a storied history.
Today, Blackstone, the world’s largest private equity group, is looking for the entire promoters’ stake of 33.47 per cent owned by the Hamied family. So are Indian rivals Torrent Pharmaceuticals and Dr. Reddy’s Laboratories.
Yusuf Khwaja Hamied, 87, the founder’s son and current Chairman, is non-committal. Hamied, a doctorate in chemistry from Cambridge University who took over in 1972, has had a long innings, steering Cipla from the days when pharmaceuticals meant chemistry to today’s world of biologics and gene and stem cell therapies.
On August 10, at Cipla’s 87th annual general meeting, Hamied spoke of the Covid-19 pandemic’s challenges, the transition of pharmaceuticals, Cipla’s history of innovation, its purpose of caring, and even climate change issues. Everything apart from whether the Hamieds would sell their stake in Cipla or to whom. The company is mum on the subject, but people close to the family have said the generation after Samina Hamied, Yusuf Hamied’s niece, is not interested in running it. Samina, a postgraduate in international accounting and finance from the London School of Economics & Political Science, has driven Cipla’s growth after joining as Executive Vice Chairperson in 2016.
この記事は Business Today India の October 29, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
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この記事は Business Today India の October 29, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
A Man of Multitudes
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HOUSE OF THE RISING SUN
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FROM GREY TO GREEN
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ECO CHAMBER
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THE GREEN BARRIER
THE EU'S CARBON BORDER ADJUSTMENT MECHANISM COULD MAKE INDIAN EXPORTS UNCOMPETITIVE, UNLESS EFFORTS TO REDUCE CARBON EMISSIONS ARE ACCELERATED
HUMANISING SUSTAINABILITY
THERE IS A NEED TO MOVE BEYOND INDIVIDUAL WELL-BEING AND FOSTER A SENSE OF INTERCONNECTEDNESS AND SOLIDARITY
DE-RISKING THE BOOKS
INDIAN BANKS ARE BEGINNING TO TAKE BABY STEPS TOWARDS ADDRESSING CLIMATE-RELATED FINANCIAL RISKS IN THEIR BOOKS. BUT THEY MUST PUT THEIR FOOT ON THE PEDAL AND ENHANCE PREPAREDNESS
PAYING FOR CHANGE
WITH EXTREME WEATHER INCREASINGLY PUTTING THE COUNTRY AND ITS ECONOMY AT RISK, INDIA SHOULD EXPLORE CLIMATE FINANCE PATHWAYS TO FUND ITS NET-ZERO JOURNEY TOWARDS A GREENER FUTURE
BEYOND THE BLIP
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PROFITING FROM ESG
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