[India] - CCI approves Mankind Pharma's purchase of Bharat Serums for $1.6 bn

INSUBCONTINENT EXCLUSIVE:
The company, which debuted on the Indian stock exchanges in May last year, saw its market value cross $12.3 billion at the end of trading
an agreement to acquire Bharat Serums from a number of funds owned by private equity giant Advent International back in July
The proposed acquisition also requires approvals from the Turkish Competition Authority and Federal Ministry of Economic Affairs and Climate
Deutsche Bank AG to finance the acquisition of Bharat Serums through rupee-denominated bonds
Indian stock exchanges in May last year, saw its market value cross $12.3 billion at the end of trading on Tuesday.First Published: Oct 02
2024 | 10:18 PMIST