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 ......
Two drugmakers in race for Orchid Pharma as revival hopes brighten
By Beena Parmar
- 20 May 2019