Advent to buy 50.1% stake in India's Suven Pharma, explore merger

  • 📰 Reuters
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Private equity major Advent International will buy a 50.1% stake in Suven Pharmaceuticals Ltd from its promoter Jasti family and consider merging it with a peer in its portfolio, the Indian drugmaker said on Monday.

Illustration photo shows various medicine pills in their original packaging in Brussels, Belgium August 9, 2019. REUTERS/Yves Herman/Illustration

from its promoter Jasti family and consider merging it with a peer in its portfolio, the Indian drugmaker said on Monday. The Hyderabad-based company also said Advent intends to explore merging Suven with its wholly owned Cohance Lifesciences to build a company that specializes in active pharmaceutical ingredients as well as contract development and manufacturing businesses.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Choosing the right investment strategy can reduce your risk and make the most of your money. I have made over R89,670 profit this year regardless the market condition not just by buying the dip but understanding & implementing trade with signals supplied by TrevorCarlson0

🗞 Our analysis shows that this tweet has a fairness score of 📈0.75 (Our method is still at the experimental stage!).

Considering their stake, I'm guessing shareholders would vote to approve any merger offer. Perhaps even one that screwed, let's say, 49.9% of investors, many of whom unknowingly own stock through mutual funds and retirement accounts. Talk about a hose job.

Will overtake china in many markets.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

India finance minister hospitalised - ET NowIndia's Finance Minister Nirmala Sitharaman has been admitted to the AIIMS hospital in New Delhi, news broadcaster ET Now reported on Monday. Maybe eating some onions would've improved her immunity The moment when the gobar gas wanes off and you realise how many 0s are behind 5 Trillion... May be she forgot to take her daily dose of Gaumutr and Gobar cake. 😏😏
Source: Reuters - 🏆 2. / 97 Read more »

India finance minister hospitalised but fine - sourceIndia's Finance Minister Nirmala Sitharaman has been admitted to the AIIMS hospital in New Delhi, a source with knowledge of the situation told Reuters on Monday. 🔥 She's fine india economy in ICU Where is scientific proof of sars-cov-2 existence?
Source: Reuters - 🏆 2. / 97 Read more »