Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
The Economic Times

Wockhardt plans to demerge its India formulations business

Copy URL
Embed

Wockhardt Ltd, one of India’s oldest drug makers, plans to demerge its India formulations business and sell a significant minority stake as a last attempt to repay its mounting debt, multiple people aware of the development said. Wockhardt's promoter Habil Khorakiwala is looking for a valuation of Rs 5,000 crore, or 4 times of the domestic formulations revenue, said the first person aware of the development.

For the latest videos, follow us on twitter
481views
Have something to say? Post your comment

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service