Mankind Pharma Ltd News Today

Revenue from operations grew by 13.6% YoY, totaling ₹3,076.5 Crore, up from ₹2,708.1 Crore in Q2 of the previous fiscal.

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Mankind announced in July that it would purchase the whole stake in Bharat Serums and Vaccines.

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The company will offer commercial papers on the BSE in numerous tranches ranging from three to twelve months

This strategic move is intended to streamline Mankind Pharma’s operations, enabling greater focus on its core pharmaceutical business.

The transfer is in line with Mankind Pharma's previously announced strategy on April 2, aiming to enhance operational efficiency by consolidating the OTC business under MCPPL.

When the acquisition was announced, the business stated that it will be paid by internal accruals as well as a combination of debt and stock.