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India's hottest businessmen
September 10, 2008
Malvinder Singh
Malvinder Mohan Singh is the elder son of the iconic Parvinder Singh who turned Ranbaxy from a middling Indian company into a growing multinational giant.
He is the grandson of the founder of Ranbaxy Laboratories.
In June, 2008, Malvinder stunned the nation by marking the largest ever deal in Indian pharmaceuticals industry. Japanese drug firm Daiichi Sankyo acquired a majority stake of more than 50 per cent in domestic major Ranbaxy.
Under the deal structure that would create the 15th biggest drugmaker globally, the Japanese firm would acquire the entire 34.82 per cent stake in the Gurgaon-based firm from its current promoters Malvinder Singh and family.
Image: Ranbaxy Laboratories CEO Malvinder Singh. | Photograph: Gianluigi Guercia/AFP/Getty Images
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