Strides Pharma has announced the approval from National Company Law Tribunal (NCLT) for OneSource - India's first specialty pharma CDMO - bringing together its specialized businesses, the company said on November 19.This integration is backed by an equity commitment of Rs 801 crore ($95 million) from a clutch of investors, valuing the company at a pre-money equity valuation of $1.65 billion.
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PGIM India Mutual Fund has launched the PGIM India Healthcare Fund, an open-ended equity scheme focused on the dynamic and growing healthcare and pharmaceutical sectors. The fund, benchmarked against the BSE Healthcare TRI, offers investors the chance to benefit from India’s burgeoning healthcare industry. The NFO is open for subscription from November 19, 2024, to December 03, 2024.
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Grasim Industries Ltd, the flagship company of the Aditya Birla Group, on Tuesday (Nov 19) said its new decorative paints business, Birla Opus, has commenced operations at its fourth plant in Chamarajanagar, Karnataka. Unveiled by Aditya Birla Group Chairman Kumar Mangalam Birla, the state-of-the-art, fully automated plant boosts the company’s production capacity to 866 million litres per annum.
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