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China's Fosun drops plan to sell stake in Gland Pharma: Report
short by Srishty Choudhury / on Wednesday, 26 April, 2023
China's Shanghai Fosun Pharmaceutical Group Co Ltd has withdrawn plans to sell its equity stake in Indian drugmaker Gland Pharma, ET Now cited sources as saying. Fosun Pharma holds a 57.86% stake in the Indian company. Fosun had initiated the process to sell its ownership over six months ago. Gland Pharma's shares closed 2.24% higher on BSE on Tuesday.
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