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Will Mankind Pharma complete the acquisition of Bharat Serums by end of 2024?
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Official announcements from Mankind Pharma or Bharat Serums, press releases, or financial news outlets
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Mankind Pharma Secures CCI Approval for ₹13,360 Crore Bharat Serums Acquisition
Oct 2, 2024, 02:01 AM
Mankind Pharma has received approval from the Competition Commission of India (CCI) for its acquisition of Bharat Serums and Vaccines Limited. The acquisition deal is valued at ₹13,360 crore (approximately $1.6 billion), though some reports indicate a value of Rs 13,630 crore. This transaction involves Mankind Pharma acquiring 100% shareholding of Bharat Serums and Vaccines Limited. Mankind Pharma is India's fourth-largest drug maker.
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