Fosun-owned Gland Pharma’s Indian IPO sails through with 2.05 times subscription

Fosun-owned Gland Pharma’s Indian IPO sails through with 2.05 times subscription

The building of the Bombay Stock Exchange in Mumbai. Credit: Wikimedia Commons

China’s Fosun owned Gland Pharma Ltd initial public offering (IPO) closed successfully on Wednesday, witnessing a subscription of 2.05 times, riding on demand from institutional investors.

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