Hikma Pharma To Buy Generic Sterile Injectables Firm Custopharm For Up To $425 Mln

Hikma Pharmaceuticals Plc. (HIK.L), a supplier of generic injectable medicines in the US, announced Monday its agreement to buy Custopharm Inc. from Water Street Healthcare Partners. The company will pay an initial cash consideration of $375 million on a debt and cash-free basis, with a further $50 million in contingent consideration payable upon the achievement of certain commercial milestones. Custopharm, […]

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Goldman Sachs To Acquire GreenSky For Approximately $2.24 Bln In Stock – Quick Facts

Goldman Sachs Group, Inc. (GS) agreed Wednesday to acquire GreenSky, Inc. (GSKY), the largest fintech platform for home improvement consumer loan originations, in an all-stock transaction valued at approximately $2.24 billion. GreenSky’s differentiated lending capabilities and market-leading merchant and consumer ecosystem will help accelerate the efforts of Goldman Sachs to create the consumer banking platform of the future. The acquisition […]

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Microfinance loan portfolio rises 4.2% to ₹2,37,369 crore as of June-end: MFIN

The microfinance industry’s gross loan portfolio (GLP) rose 4.2% to ₹2,37,369 crore as of June 30, 2021, compared with ₹2,27,727 crore as of June 30, 2020, according to a report by Microfinance Institutions Network (MFIN). Microfinance loan disbursals during the first quarter of the financial year 2021-22 improved significantly to ₹25,503 crore, compared with ₹6,186 crore in the corresponding quarter […]

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Sanofi To Buy Rezurock Developer Kadmon In $1.9 Bln Cash Deal – Quick Facts

French drug major Sanofi (SNYNF,SNY) Wednesday said it has entered into a definitive merger agreement to buy Kadmon Holdings, Inc. (KDMN), the developer of Rezurock, a recently FDA-approved treatment for chronic graft-versus-host disease. In the deal, Kadmon shareholders will receive $9.50 per share in cash, which represents a total equity value of approximately $1.9 billion. The offer price represents a […]

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India's coal import rises 50% to 19 million tonnes in June

The country had imported 12.51 MT of coal in the corresponding month a year ago, according to (revised) data compiled by mjunction services. India’s coal import rose 50% to 18.77 million tonnes (MT) in June this year, when compared to the shipments arrived in the same month of 2020. The country had imported 12.51 MT of coal in the corresponding […]

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Record sugar exports help reduce cane payment arrears

Pending dues to farmers a thorny political issue in several States Sugar mills have surpassed their 60 lakh metric tonne export target this year, making it easier for them to pay cane farmers and reducing arrears for this year to less than ₹9,000 crore, according to government data. Pending dues to cane farmers are a thorny political issue in several […]

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Tata Steel interested in acquiring Vizag-based RINL: CEO T.V. Narendran

Domestic steel giant Tata Steel is interested in acquiring state-owned Rashtriya Ispat Nigam Limited (RINL), the company’s Chief Executive Officer (CEO) and Managing Director T.V. Narendran said. RINL, under the Ministry of Steel, owns and operates a 7.3 million tonnes plant in Visakhapatnam, Andhra Pradesh. It holds the distinction of being India’s first shore-based integrated steel plant. The Cabinet Committee […]

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SEBI cuts lock-in period for promoters to 18 months post-IPO

Markets regulator SEBI has reduced the minimum lock-in period for promoters’ investment post an initial public offering (IPO) to 18 months from three years, under certain conditions. The move comes at a time when many companies are looking to list on the stock exchanges. In addition, the Securities and Exchange Board of India (SEBI) has streamlined the disclosure requirements of […]

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