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Wockhardt-Abbot deal gets high court go-ahead

Wockhardt's efforts to restructure its operations have received a boost with the Bombay high court declining to grant an injunction sought by a section of its investors to stall the divestment of......

Roles reverse in pharma M&As

Early this month, US-based Perrigo, one of the largest over the counter (OTC) pharmaceutical producers in the world, acquired an 85 per cent stake in Mumbai-based Vedants Drugs and Fine Chemicals.......

Why Wockhardt sold 10 key properties

The sale of 10 key properties will overnight turn Habil Khorakiwala-promoted Wockhardt Hospitals from being among the top four healthcare chains in India to a minnow. But it will also give the......

Asset sale plan: Wockhardt may go slow

Drug major Wockhardt is likely to go slow on its plans to divest non-core assets, including the proposed stake sale of its hospital chain, since the Corporate Debt Restructuring package approved by......

Wockhardt gets CDR lifeline, with riders

Wockhardt Chairman Habil Khorakiwala can breathe easy, as bankers have approved the debt restructuring package he had sought three months ago. The pharmaceutical company informed the Bombay Stock......

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