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Can Nirma make the jump from suds to pills?
Finshots Daily
Exploring Nirma's Transition to the Pharma Sector
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Nirma, a detergent company, acquired a 75% stake in Glenmark Life Sciences, a pharma company, and launched an open offer for an additional 17% stake. The key questions are why Nirma ventured into the pharma sector and if it can successfully operate in this domain. Notably, Nirma has prior experience in the pharma market dating back to the 70s. Glenmark Life Sciences is significant due to its specialty focus, despite being rejected by its listed parent entity, Glenmark Pharma.
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