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Two drugmakers in race for Orchid Pharma as revival hopes brighten

By Beena Parmar

  • 20 May 2019
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Two drugmakers in race for Orchid Pharma as revival hopes brighten
Credit: Pixabay

Orchid Pharma Ltd has attracted takeover interest from three suitors, including two drugmakers, re-igniting hopes for a revival of the debt-laden company after a previous bankruptcy resolution process failed. The Chennai-based drugmaker was among the 28 large corporate defaulters in the Reserve Bank of India’s second list of debt-laden companies that ......

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