India-China border tiff may derail $1.3 bn Fosun-Gland Pharma deal

The biggest ever Chinese acquisition on Indian soil may flounder as a border standoff between the two countries has cast a shadow over Shanghai Fosun Pharmaceutical Ltd’s proposed acquisition of Hyderabad-based Gland Pharma Ltd, three people familiar with the matter told VCCircle.Fosun had, in July last year, struck a deal ......