Parabolic Drugs set to chart recovery path as lenders approve takeover bid

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Debt-laden Parabolic Drugs Ltd is headed on the road to recovery after its lenders gave their stamp of approval to the sole bidder that had offered to take over the pharmaceutical company. Chandigarh-based Parabolic said in a stock-exchange filing that its Committee of Creditors (CoC) has approved the lone bid for ......