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Shares of Cipla edged higher on Friday while those of Torrent Pharma were sinking after it was reported that Torrent was looking to make a bid to acquire a stake in the country&#39;s second-largest Pharma firm.

India&#39;s Biggest Pharma Acquisition: One Stock Rises While The Other Falls

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The Konkan division of the FDA ordered the suspension of the license for the company&#39;s Patalganga manufacturing unit for 10 days in December 2023 due to the facility&#39;s non-compliance with good manufacturing practices.

Why This Pharma Giant&#39;s Shares Are Down Under Regulatory Pressure

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Shares of pharma giant Cipla skyrocketed nearly 5% on Friday on reports that private equity major Blackstone was eyeing a massive stake in the firm.

Why Cipla Shares Are Shooting Up Today

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The move is seen as a step towards succession planning for the pharma major.

Pharma Giant Cipla Explores Billion-Dollar Stake Sale To Blackstone, Baring Asia: Report

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Parent Glenmark Pharmaceuticals reportedly aims to cut down on its debt burden by offloading a part of its 82.85% stake in Glenmark Life Sciences.

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