IFC sells bulk of its stake in decade-old pharma portfolio firm; peek at returns
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IFC sells bulk of its stake in decade-old pharma portfolio firm; peek at returns

By Ankit Doshi

  • 05 Sep 2018
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IFC sells bulk of its stake in decade-old pharma portfolio firm; peek at returns
Credit: Thinkstock

International Finance Corporation (IFC) has offloaded some more stake in a contract pharmaceutical manufacturing company that it had backed nearly 10 years ago, taking advantage of a recent rally in the drugmaker's shares. The private-sector investment arm of the World Bank sold 3.98 million shares of Hikal Ltd via bulk deals ......

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