Nirma Rs 1,343 crore open offer to buy more stake in Glenmark Life Sciences
Fri, Feb 9, 2024 7:30 PM

Nirma Rs 1,343 crore open offer to buy more stake in Glenmark Life Sciences

A Flip by Shubhangi Gupta
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Nirma Ltd will launch an open offer to acquire an additional 17.33% stake in the subsidiary Glenmark Life Sciences for Rs 1,343.05 crore. This follows their previous deal to acquire a 75% stake for Rs 5,651.5 crore last year. The tendering period for the open offer will be from February 15-29, 2024. This move is part of Nirma's plan to expand its presence in the pharmaceutical industry.

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