Essayer OR - Gratuit
Cipla in advanced talks with 2 groups
Hindustan Times
|September 28, 2023
Promoters in talks with consortiums led by Torrent and Baring
Cipla Ltd's promoters are in advanced talks with two consortiums-one Pharmaceuticals led by Torrent Ltd, with the participation of prominent family offices, and the other a group of buyout firms led by BPEA EQT and General Atlantic-to sell a controlling stake in India's fourth-largest drugmaker for $6-7 billion, two people with direct knowledge of the matter said.
The consortium led by Torrent Pharma is backed by its promoters, the Mehta family, alongside investments from entities linked to Dilip Shanghvi-led Sun Pharmaceutical Industries Ltd and the Patel family-owned Zydus Lifesciences Ltd.
A successful bid by Torrent Pharma would propel the company into the second-biggest Indian drugmaker after Sun Pharma.
Cipla's promoter group, led by its founder's son Yusuf K. Hamied, 87, is seeking a valuation of at least 33,000 crore for its 33.47% stake and will only cede control if binding bids value the drugmaker at 1 trillion, according to one of the two people.
"The latest discussions with Cipla promoters' bankers regarding valuations and the premium to market price happened on Friday," said the first person, who added that Cipla's promoters want a price of a little over 1,200 per share. Cipla's shares ended trading at ₹1,180.50 on Wednesday, valuing the company at 295,300 crore.
Cette histoire est tirée de l'édition September 28, 2023 de Hindustan Times.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Hindustan Times
Hindustan Times
ED ATTACHING ASSETS IN PROBE AGAINST ANIL AMBANI'S FIRM
The Enforcement Directorate (ED) is in the process of attaching properties worth several crores belonging to the Reliance Group led by industrialist Anil Ambani in connection with its money laundering probe into alleged loan fraud against him and his group companies, people familiar with the development said on Sunday.
1 min
November 03, 2025
Hindustan Times
‘India’s heritage mix of ancient wisdom, science’
President Droupadi Murmu on Sunday said that the integration of ancient Vedic knowledge with cutting-edge scientific research and the spirit of universal brotherhood is advancing India’s knowledge tradition in contemporary times.
1 min
November 03, 2025
Hindustan Times
SHAFALI: FROM NOT BEING PART OF ORIGINAL TEAM TO HERO IN FINAL
Shafali Verma would always remain in the scheme of things. Shafali Verma wasn't picked for the World Cup.
1 min
November 03, 2025
Hindustan Times
Infighting and discord plague Oppn, says PM
The Opposition was marred by infighting, with the Rashtriya Janata Dal (RJD) strong-arming the Congress into accepting their candidate as the INDIA bloc’s chief ministerial face, Prime Minister Narendra Modi said on Sunday as he intensified his attack on the Grand Alliance ahead of the first phase of voting in Bihar.
3 mins
November 03, 2025
Hindustan Times
27-yr-old MCD gardener plants fake identity as CMO official, dupes patients with forged letters
POLICE SAID MAN USED TO TARGET PATIENTS UNDER EWS CATEGORY AND TOOK ₹5,000 FROM EACH OF THEM
1 min
November 03, 2025
Hindustan Times
15 killed as mini bus rams into parked trailer in Raj
At least 15 people were killed and two others were injured after a mini bus collided with a trailer parked on the Bharatmala highway (NH-15) in Rajasthan's Phalodi, nearly 40 kilometres away from Jodhpur on Sunday, police said.
1 mins
November 03, 2025
Hindustan Times
Delhi air nears 'severe' level; CAQM delays Stage 3 steps
For a second consecutive day on Sunday, Delhi's air quality index jumped sharply - it reached 366 at 4pm - as a thick, toxic haze blanketed the Capital through the day. Yet the Commission for Air Quality Management (CAQM) failed to trigger stricter pollution controls under the Graded Response Action Plan (Grap) mandated by the Supreme Court.
3 mins
November 03, 2025
Hindustan Times
60-yr-old convict found dead in Prayagraj jail
A 60-year-old convict serving life sentence was found dead inside Naini Central Jail in Prayagraj, jail officials said on Sunday, suspecting it to be a case of suicide.
1 min
November 03, 2025
Hindustan Times
Sub-panel of 12 members formed to resume works at Banke Bihari
The high-powered panel constituted by the Supreme Court to look after the management of the Banke Bihari Temple in Vrindavan has formed a 12-member sub-committee to resume the construction of the proposed corridor to the shrine.
1 min
November 03, 2025
Hindustan Times
The message in toxic air & monsoon deluge
India’s gains on the economic front face a challenge from the impact of the climate crisis
4 mins
November 03, 2025
Translate
Change font size