Aurobindo calls off Eugia Pharma Specialities sale on valuation mismatch

Mails to Aurobindo, Blackstone and Baring PE Asia did not generate a response as of press time Friday. Eugia consists of general injectable, oncology injectable, oncology oral solids, and hormonals. In the last three months, Aurobindo's stock has fallen 22%, underperforming the Nifty Pharma Index which is down 10.46% and the benchmark Nifty 50 which slipped 8.7%.
Source: The Economic Times Healthcare and Biotech News - Category: Pharmaceuticals Source Type: news