Shares of ailing Kingfisher Airline gained just after its parent United Breweries Holdings Ltd. has announced to provide additional loans of Rs.450 crore to grounded airline, reports said. Read more
Tag: stake sale
Strides Arcolab sells its Australian unit to Watson
As per latest reports, the giant Drug manufacturer company Strides Arcolab Ltd has recently announced that the company has sold its 94 percent shareholding in Ascent Pharmahealth Ltd, its subsidiary with operations in Australia and Southeast Asia, to United States generic drug company Watson Pharmaceuticals Inc.
Meanwhile, the deal was from Watson values Ascent at the market value of around A$375 million.
Further, the reports have said that the transaction includes that the Watson has taken-over the other 6 percent shareholding associated with Ascent’s chief executive officer Dennis Bastas. The deal was inked and closed at the same time. Read more
