Centre Approves IMPCL Disinvestment with Skymap Pharma as Winning Bidder

Centre Approves IMPCL Disinvestment with Skymap Pharma as Winning Bidder

The Indian government has officially approved the disinvestment of Indian Medicines Pharmaceutical Corporation Limited (IMPCL), selecting Skymap Pharma as the highest bidder for the acquisition. This strategic move, finalized this week in New Delhi, marks a significant milestone in the Union government’s broader efforts to streamline public sector undertakings and optimize state-owned assets. IMPCL, a…

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Centre Approves ₹121 Crore Sale of IMPCL to Skymap Pharma

Centre Approves ₹121 Crore Sale of IMPCL to Skymap Pharma

Strategic Divestment in the Ayurvedic Sector The Indian government has officially approved the sale of Indian Medicines Pharmaceutical Corporation Limited (IMPCL) to Skymap Pharma for ₹121 crore. This transaction, finalized this week in New Delhi, transfers management control of the state-owned Ayurvedic and Unani medicine manufacturer to the private sector. The move represents a significant…

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