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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.
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La Mankind Pharma adquiere Serums y Vacunas Bharat por 13.630 coronas para reforzar la posición de las mujeres en el mercado de la salud.