by THO
Cipla Founding Family’s Stake Sale in Jeopardy Over $13 Billion Valuation Target
Negotiations between the family members and prospective buyers, including companies in the industry and private equity firms, are no longer moving forward, as the founders are demanding about 1,350 rupees per share, the people said. The price represents a premium of about 10% over Wednesday’s close, according to Bloomberg calculations.
