Gland Pharma denies stake sale by promoter Fosun Pharma

Hyderabad-based Gland Pharma Ltd on Tuesday it was not aware of any information that its promoter, Fosun Pharmaceutical Group Co, is considering a sale of shares of the company.

"The company is not in receipt of any communication in this regard from its Promoter(s) and is unable to comment on the same," Gland Pharma said in an exchange filing.

Bloomberg on Tuesday reported that Shanghai Fosun Pharmaceutical Group Co is considering a sale of Gland Pharma after receiving interest from potential buyers.