How IPO-bound Gland Pharma’s valuation spiked under China’s Fosun

By Ankit Doshi

  • 13 Jul 2020
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Credit: Reuters

China’s Shanghai Fosun Pharmaceutical Group, which acquired a majority stake in Gland Pharma Ltd less than three years ago, will sell about a fifth of its stake in the drugmaker through its proposed initial public offering. Gland Pharma has filed its draft prospectus with the Securities and Exchange Board of India ......

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