Fosun’s IPO Plan For India’s Gland Hits Multiple Targets
Need For Funds, Military Tensions With India In Backdrop
With a proposed IPO, Gland Pharma’s parent company, Fosun Pharma, hopes to raise funds for its injectables business and possibly its COVID-19 vaccine. The move will also cut Chinese ownership against a backdrop of shaky relations between India and China. As investors warm up to pharma stocks, the timing seems right.
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