Fosun On Course To Full Indian Clearance For Gland Buyout

After several rounds of deferral, an Indian investment board has approved Fosun’s acquisition of Gland Pharma, clearing the way for the first Chinese mega acquisition in the Indian pharmaceutical space, although the deal is still expected to require the go ahead from a Cabinet committee on economic affairs.

China and India flags

China’s Fosun group has inched closer to a final all clear for its acquisition of the Indian injectables firm Gland Pharma Ltd. for around $1.26bn, after India’s Foreign Investment Promotion Board (FIPB) approved the proposal.

The FIPB approval comes after numerous deferrals over the past several months, which had raised some speculation that India may...

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