Aurobindo, Cadila, UPL in fray to acquire bankrupt Sterling Biotech

The liquidator had invited bids on July 21 for the worlds sixth-largest manufacturer of pharmaceutical gelatin to sell the company as a going concern at a reserve price of Rs 548.46 crore. Lovkesh Batra, a member of the Mamta Binani-led liquidation team, confirmed the development but declined to provide details. The shortlist was whittled down from about a dozen aspirants, he said.

via Economictimes