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China’s Fosun moves into India with offer to acquire Gland for $1.3B

By T.V. Padma and Cornelia Zou
Staff Writers

Thursday, July 28, 2016

NEW DELHI – In what may end up as a landmark $1.3 billion deal, China’s Shanghai Fosun Pharmaceutical (Group) Ltd. is set to acquire Indian injectables specialist Gland Pharma Ltd.

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