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Concerns Raised Over Takeover Of Gland Pharma By China's Fosun, Says Report
China's Shanghai Fosun proposes $1.3-billion takeover of Gland Pharma If approved, the deal would be China's largest ever acquisition in India Hyderabad-based Gland supplies a variety of injectables from 4 factories
01 Aug 2017, 07:32 AM IST 
Hyderabad-based Gland Pharma manufactures a range of injectables (Representational image)
The government has privately raised objections to Chinese firm Shanghai FosunPharmaceutical Group's proposed $1.3-billion takeover of drug maker Gland Pharma, a source familiar with the matter said on Monday. The deal has won the approval of the Competition Commission of India (CCI), and the Foreign Investment Promotion Board (FIPB) in the last few months, but some in the Indian government have expressed concerns about a Chinese grou...
