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Fosun’s Gland Acquisition Faces Indian Wall?

 
• By Anju Ghangurde and Brian Yang

Chinese group Fosun’s landmark buyout of Gland Pharma appears less likely to go through in India, at least for now, though some experts claim that the deal has always been a tricky one from the Indian standpoint. Indo-China border tensions are unlikely to make things any easier.

China and India flags
Is the Fosun/Gland cross-border deal in jeopardy?

Closure of the Fosun group’s $1.26bn acquisition of the Indian injectables firm Gland Pharma Ltd. appears so near and yet so far. After significant delays, it now seems that India is unlikely to give the final go-ahead for the deal, though that may have little to do with recent Indo-China ongoing border tensions, if some experts in the know are to be believed.

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