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Novartis to exit India unit in $159 million deal; Mumbai-listed shares surge 20%

Feb 20 (Reuters) - Swiss drugmaker Novartis will sell its entire 70.68% stake in its listed Indian unit to a private equity-led consortium for about $159 million, as part of a broader global ...
Malay Mail

IJM plans India exit to unlock shareholder value

IJM Corp Bhd plans to exit its highway investments in India as part of its efforts to unlock shareholder value.This follows IJM’s independent ...
Morningstar

Novartis to Exit Indian Arm With Stake Sale

A consortium of private-equity firms led by WaveRise Investments has agreed to buy a nearly 71% stake in the Indian unit of Swiss pharmaceutical giant Novartis AG. The stake sale is valued at 14.46 ...
Aviation Week

Opinion: HAL’s Partial Fighter Exit Brightens India’s Aerospace Future

India’s nascent aerospace and defense industry took a big step forward in February. It was not just a contract award or a production decision—it was the removal of a longstanding and very big obstacle ...