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ONGC plans to invest Rs 1 lakh cr to set up 2 petrochemical plants

CFO News

India's top oil and gas producer, ONGC, plans to invest approximately Rs 1 lakh crore in establishing two petrochemical plants to directly convert crude oil into high-value chemical products.

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Mubadala plans big deals in India's healthcare space

CFO News

Abu Dhabi's Mubadala Investment Company plans to expand in India's healthcare sector, seeking deals in the $200-500 million range. With a focus on pharmaceuticals, outsourced pharma services, and medtech, Mubadala aims to deploy capital meaningfully in India.

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Kotak Fund to invest ?1,600 crore in Nimmagadda Prasad's API business

CFO News

Kotak Strategic Situations Fund (KSSF) plans to invest around ₹1,600 crore in the active pharmaceutical ingredients (API) business acquired by Nimmagadda Prasad. The fund will support the acquisition through a $200 million funding, provided through a mix of structured debt and equity.

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Why More International Life Sciences Companies Are Locating in Austria

CFO News Room

American biotech, pharmaceutical, and life sciences companies face myriad challenges today. life sciences industry, if only because of its size: annual pharmaceutical revenue alone is estimated at well above half a trillion dollars. Future-Forward Investments. MSD Animal Health Danube Biotech invested about €30 million (US$31.5

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Alibaba Raises $1.3B For Push Into eCommerce Pharmaceutical Business

PYMNTS

Alibaba Health Information Technology plans to pump the $1.3 billion it raised in a secondary offering on the Hong Kong stock exchange to expand its eCommerce pharmaceutical business as it rides a wave of growth amid the coronavirus.

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Govt may soon tweak PLI schemes for pharma, textiles, drones

CFO News

The Indian government plans to modify the production-linked incentive (PLI) scheme for sectors such as pharmaceuticals, drones, and textiles to encourage investment and boost manufacturing. The changes include extending timelines for the pharmaceutical sector and adding additional products in certain sectors.

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Biotech, Augmented Reality Startups Test Investment Appetite With IPOs

PYMNTS

Two initial public offerings (IPOs) are testing investors’ appetites amid the coronavirus pandemic, according to statements from Zentalis Pharmaceuticals and WiMi Hologram Cloud. Zentalis Pharmaceuticals, a biotech group based in San Diego, California, raised about $165 million. It will also seek acquisitions and investments.