Thursday, 20 June 2019

Finance News

  • HealWell24 raises Rs. 1.4 crore in its pre-Series A round

    Finance |  News | 0 Comment | 29 May, 2018

    HWell24 Plus Healthcare Pvt Ltd, which operates home healthcare aggregator under the brand HealWell24, said it has raised Rs 1.4 crore in its pre-Series A round of funding from new and exis...Read more

  • Alembic Pharma posts Q4 profit of Rs 93.79 Cr

    Finance |  News | 0 Comment | 17 May, 2018

    Drug firm Alembic Pharmaceuticals has reported consolidated net profit of Rs93.79 crore for the quarter ended 31 March, 2018. The company had posted a net profit after taxes, non-controlli...Read more

  • Epygen Biotech to raise Rs 300 Cr to boost Biosimilars in India

    Finance |  News | 0 Comment | 10 May, 2018

    After having spent seven years on technology incubation in India and more than a decade of Biotechnology research abroad, Epygen Biotech, one of the leading privately held biotechnology com...Read more

  • Star Health’s stake sale hits a roadblock

    Finance |  News | 0 Comment | 09 May, 2018

    Star Health & Allied Insurance’s stake sale process hits a roadblock with an investor, Ahmed Abdulla Ahmed Al Ghurair of UAE-based ETA Trading, moving the Madras High Court agains...Read more

  • Aurobindo launches $1.6 billion bid to buy Novartis generics unit

    Finance |  News | 0 Comment | 07 May, 2018

    Aurobindo Pharma Ltd has submitted an initial bid to buy Novartis AG’s dermatology generics drug business for about $1.6 billion, two people directly aware of the development said on ...Read more

  • ADB to invest in India’s Health Startups

    Finance |  News | 0 Comment | 07 May, 2018

    India’s Economic Affairs Secretary, Subhash Chandra Garg, asks the Asian Development Bank (ADB) to invest in fintech and health startups, speaking at the ADB annual board meeting. The...Read more

  • HCG acquires 12% equity stake in ISSL

    Finance |  News | 0 Comment | 01 May, 2018

    Bengaluru-based oncology chain HealthCare Global Enterprises Ltd has acquired a 12 per cent equity stake in International Stemcell Services Ltd (ISSL) in a secondary deal that saw its exist...Read more

  • Biocon Q4FY18 Revenue Rs 1,237 Cr, Up 27 per cent

    Finance |  News | 0 Comment | 27 Apr, 2018

    Biocon Ltd, Asia's premier biopharmaceuticals company, recently announced its consolidated financial results for the fourth quarter and fiscal year ended March 31st, 2018. Commenting on th...Read more

  • Munjals, Burmans extend validity of their offer for Fortis

    Finance |  News | 0 Comment | 24 Apr, 2018

    Sunil Munjal-backed Hero Enterprise and the Burman's of Dabur group have extended the validity of their revised Rs 15-billion offer for the Fortis Healthcare till May 4. The move comes in ...Read more

  • P&G to buy stake in Merck India worth Rs 1,300Cr

    Finance |  News | 0 Comment | 20 Apr, 2018

    Global consumer products major, The Procter & Gamble Company (P&G), will acquire a nearly 52% stake in drug firm Merck India for Rs 1,300 crore as part of a global deal under which ...Read more

  • China’s Fosun becomes a competitor in the race for Fortis

    Finance |  News | 0 Comment | 18 Apr, 2018

    China’s Fosun international group has become the fourth suitor for cash-strapped hospital chain Fortis healthcare signalling a bidding war is in the works for the company after a TPG-...Read more

  • Avendus finances GNRC to deliver low cost healthcare

    Finance |  News | 0 Comment | 13 Apr, 2018

    Financial services group Avendus is providing Rs 75 crore as structured debt to promoters of the Guwahati-based healthcare provider GNRC, reaffirming the growing confidence of investors in ...Read more

  • Beauty and wellness firm VLCC to expand internationally

    Finance |  News | 0 Comment | 09 Apr, 2018

    Beauty and wellness firm VLCC is on the expansion spree with a target to add 50 new training institutes in India over the next five years.  The company, which has about 70 institutes ...Read more

  • East Bridge Capital buys 3.86% extra stake in Fortis

    Finance |  News | 0 Comment | 03 Apr, 2018

    East Bridge Capital Master Fund has bought an additional 3.86 per cent stake in Fortis Healthcare for over Rs 256 crore through a market transaction. According to a regulatory filing, East...Read more

  • Chrys Capital to buy 10% in Mankind for $350 M

    Finance |  News | 0 Comment | 02 Apr, 2018

    India-bred private equity firm Chrys Capital is set to acquire 10 per cent in fast-growing Mankind Pharmaceuticals for $350 million. GIC of Singapore and CPPIB of Canada may co-invest in th...Read more

  • GSK to buy Novartis stake for $13 B

    Finance |  News | 0 Comment | 27 Mar, 2018

    GlaxoSmithKline will buy Novartis's 36.5 per cent stake in their consumer healthcare joint venture for $13 billion. The deal is set to complete in the second quarter subject to the necessa...Read more

  • J&J to acquire LifeScan biz from Platinum Equity

    Finance |  News | 0 Comment | 16 Mar, 2018

    Johnson & Johnson announced that it has received a binding offer from Platinum Equity, a leading private investment firm, to acquire its LifeScan business for approximately $2.1 billion...Read more

  • ChrysCapital buys stake in Curatio Healthcare

    Finance |  News | 0 Comment | 14 Mar, 2018

    Private equity (PE) fund ChrysCapital has recently bought a significant minority stake in the leading dermatology products company in India, Curatio Healthcare Pvt. Ltd. Chennai based PE fi...Read more