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Mergers & Acquisitions | 18 June 2012

Piramal Healthcare May Acquire US Based Cambridge Major

by Ahemad Shaikh
Piramal Healthcare May Acquire US Based Cambridge Major
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@Piramal_Enterprises_L is planning to acquire U.S.-based Cambridge Major Laboratories Inc, a contract drug manufacturer for $200 Mn.

Cambridge Major Laboratories makes pharmaceutical intermediates and active pharmaceutical ingredients that are used in drugs. It owns three facilities in the U.S. and one in Europe.

Recently, Piramal completed the acquisition of US based Decision Resources LLC, a health information-management company for $635 Mn.

LIC Part Exits Wockhardt, Sell 2.01% For R129Cr

LIC Part Exits Wockhardt, Sell 2.01% For R129Cr

LIC has part exited its investment in Wockhardt Limited for R129Cr. LIC has sold 22.11 lakh shares of the company, aggregating 2.019% through market sale for R129.09Cr.

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Japan's Sumitomo Acquires Carzonrent's Auto Lease Business

Japan's Sumitomo Acquires Carzonrent's Auto Lease Business

Japanese conglomerate Sumitomo Group has acquired the auto leasing business of Carzonrent, the car rental firm, for an undisclosed amount. The acquisition was made through its JV company in India - SMAS Auto Leasing India.

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