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CHINA S FOSUN INTERNATIONAL LTD
Blackstone set to buy diamond grading company IGI for up to $550 millionPE to buy IGI from Fosun, founders, small shareholders in a deal likely to be signed this weekend.- Global private equity funds take a shine to international gem instituteIt is extremely likely that the funds for the transaction, if it were to go ahead, would be drawn from India allocations of the private equ...
- Gland Pharma slides further on weak Q2, stress at FosunThe pessimistic outlook by the rating agency triggered speculation that the Chinese firm may likely sell its stake in the Indian pharma com...
- Exclusive: Fosun sells part of its stake in Delhivery to Lee Fixel's AdditionThe deal values the new-age logistics services provider at around $4 billion.
- China’s Fosun pulls out of $300 million healthcare deals amid negative sentimentAccording to sources, both deals were at an advanced stage, and Fosun had formally proposed terms for acquiring a stake in the companies, o...
- Chinese firm-backed Gland Pharma files for IPO; may raise up to Rs 6,000 croreThe company may raise up to $800 million or Rs 6,000 crore, a source with the knowledge of the matter said.
- Covid-19 forces famed circus operator Cirque du Soleil to file for bankruptcy protectionCirque du Soleil has also cancelled shows and laid off its artistes.
- Chinese biz major Fosun donates masks to India to fight Covid-19The first batch of medical protective supplies to India, 5,000 pieces of surgical masks that were cleared for use in the “red zone” of hosp...
- Stellaris, Fosun and others fund Lithius Energy“Making shared mobility work reliably at scale, while keeping it affordable and convenient, is a massive technology problem. We spent many ...
- China’s Fosun International group in talks to acquire Medall HealthcareUS firm Constellation Alpha had earlier agreed to buy the Indian diagnostic chain, but deal fell through.
- Fosun closes deals across sectors; Leads $12 million round in LetsTransportVC arm invests $5 million in Bengaluru-based firm marking its second bet in logistics sector.
- Fosun targets Fortis: A white knight or a dark horse?Often known as China's Warren Buffett, Guo Guangchang prefers to be his student instead. His mysterious disappearance last year raised many...
- Fosun Pharma acquires 74% stake in Gland Pharma for $1.09 billionFosun Pharma and Fosun International indirectly hold approximately 74 per cent equity interest in Gland Pharma, the joint statement added.
- Fosun may invest in 2 to 3 Indian startups by year endThe venture firm is actively hunting for startups in the logistics and fintech space to invest in early-stage opportunities.
- Doklam effect? India said to block Fosun's $1.3 billion Gland purchaseThe companies haven’t been formally notified yet of the move, the people said, asking not to be identified because the information is priva...
- China's Shanghai Fosun to acquire 86% stake in Gland Pharma for $1.4 billionShanghai Fosun will acquire the shares held by Gland Pharma founders Ravi Penmetsa and his family and PE giant KKR.
- China's Fosun to buy KKR backed Gland Pharma for $1.4 billionFosun has agreed to acquire 96 percent stake, which includes shares held by founders of Gland Pharma Ravi Penmetsa and family and private e...
- Fosun leads the race to buy Gland Pharma with $1.27 billion bidComing from behind in a closely fought race that saw US giant Baxter and private equity fund Advent make firm offers early May, Hong Kong-l...
- China stocks slump as report of missing billionaire Guo Guangchang compounds woesThe Hang Seng China Enterprises Index retreated for a seventh day, led by industrial and power companies.
- China’s search engine Baidu, conglomerate Fosun scouting to invest in Indian startupsBaidu is China’s most popular search engine. The company is listed on Nasdaq and has a market cap of $52 bn. Fosun is listed in Hong Kong.
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