Mankind Pharma acquires Bharat Serums and Vaccines for ₹13,630 crore to bolster women's health market position.

Mankind Pharma's shares rose 3.1% following its announcement to acquire Bharat Serums and Vaccines for ₹13,630 crore ($1.2 billion). To finance this, the company plans to raise over ₹9,000 crore through non-convertible debentures and short-term commercial paper at an average cost of 8.5%. This acquisition will bolster Mankind's position in the women’s health market, targeting a 20% market share. Completion is expected in 3-4 months.

September 03, 2024
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