Nirma

Nirma completes acquisition of 75% stake in Glenmark Life Sciences

The acquisition strengthens Nirma's presence in the pharmaceuticals and life sciences sector

Nirma issues bonds to fund Glenmark Life Sciences acquisition: Bankers

Earlier in the day, the detergent maker had invited bids for bonds maturing in one year and two days, two years, one month and 16 days, and in three year, one month and 16 days

Nirma's open offer to buy more stake in Glenmark Life to start on Feb 15

Nirma Ltd will kick off a Rs 1,343.05-crore open offer next week to acquire an additional 17.33 per cent stake from public shareholders of Glenmark Life Sciences Ltd, according to a regulatory filing. The development follows Nirma's deal to acquire 75 per cent stake in Glenmark Life Sciences for Rs 5,651.5 crore agreed in September last year. The open offer is being made to the public shareholders to acquire up to 2.13 crore equity shares representing 17.33 per cent of the voting share capital at an offer price of Rs 631.20 per share aggregating to a total consideration of up to Rs 1,343.05 crore, said the letter of offer by Nirma shared on BSE by Glenmark Life Sciences. The offer shares include the entire public shareholding in the target company (over 2.1 crore shares) and 2.63 lakh vested ESOPs, it added. The opening date (commencement of the tendering period) for the open offer has been fixed on February 15, 2024 and will close on February 29, 2024, as per the letter of offer,

Nirma's new clothes: The journey of detergent brand towards healthcare

How Hiren Patel, founder Karsanbhai's son, is reinvigorating Nirma by administering a shot of pharma

Nirma to tap into own funds, debt to buy Glenmark Life Sciences

The company had earlier informed banks that it would raise Rs 5,000 crore to Rs 7,000 crore in the current financial year for the acquisition

Glenmark Pharma to sell 75% stake in GLS to Nirma for Rs 5,651 crore

Deal size estimated to be Rs 5,651 crore, valuing API arm at Rs 7,535 crore

Nirma emerges as frontrunner for Glenmark's API arm as bid deadline ends

Nirma Ltd and Sekhmet Pharmaventures were among the shortlisted bidders for a controlling stake in GLS

Sekhmet Pharmaventures, Nirma in race to acquire Glenmark's API business

In the last three months, GLS's share price has risen by 52% from Rs 386 in anticipation of a transaction

Pricing weapon in FMCG marketing

Consumers know that they can trade down to a lower priced product, and they do that when in a pinch

Will Reliance's FMCG entry be another Nirma moment?

Reliance Industries' entry in the FMCG sector will heat up competition in the space dominated by the likes of HUL, ITC, Nestle India and Patanjali. Will Reliance be a disruptor in this segment too?

India at 75: Parle-G and 14 other brands inseparable from the India story

From the evergreen Parge-G biscuits to summer companion Rooh Afza and Zomato, which is bringing the world to your table, here are 15 brands that we all can relate with

India at 75: 'Hamara Bajaj' to Luna - 15 brands that you will never forget

The products may have lived on or given way to others, but the brands never get old. From Bajaj Scooters to Luna, Maruti 800 and Rajdoot, here's a look at 15 brands that remain a part of our lives

India at 75: Tatas to Naik, Murthy - 25 towering business leaders of India

Some are 'Midnight's Children' whose pre-Independence businesses bloomed after 1947, some 'Licence Raj Warriors' who refused to let red-tapeism slow them down. A look at 25 towering business leaders

Franklin Templeton schemes receive pre-payment from Nirma's cement arm

The two debt papers were to mature in September 2020 and September 2021, respectively

Nirma in talks with Apollo Global Management, Bain for Emami Cement bid

Nuvoco is among the bidders for Emami Cement, which has picked Arpwood Capital and Credit Suisse Group AG to manage the sale of the unit as Bloomberg News previously reported

Nirma, the price warrior trades up

The detergent brand has shed its affordable tag for a more premium positioning as rival Ghari consolidates its position as a mass-market player

Nirma tries to reclaim glory days of 1980s

As it loses market share in washing powder, it hopes to catch up with the big cement manufacturers in India with the Lafarge deal

Why Nirma's Lafarge deal makes sense

Nirma already has presence in cement in Rajasthan, and has been scouting for assets in Gujarat for a while