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Wockhardt shares surge 13% as Cipla, Dr Reddy's, Carlyle and Hong Kong fund in fray for firm's divisions

Updated : November 18, 2019 02:54 PM IST

These divisions have been put on the block to reduce the firm’s debt burden.
"Cipla, Dr Reddy's Laboratories, private equity fund Carlyle and Hong Kong-based investment fund PAG are among the suitors in the race for these select business portfolios," said a source.
The company had a total debt of Rs 3,367 crore as on March 31, 2019, and its current market capitalisation stands at Rs 3,022 crore.
Wockhardt shares surge 13% as Cipla, Dr Reddy's, Carlyle and Hong Kong fund in fray for firm's divisions
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