Two pieces of news on Piramal Healthcare (PIRHEALTH). In one, they settle a patent case with Baxter, which had sued them about over the inhaled anaesthetic Suprane, which PIRHEALTH got when they acquired Minrad. Piramal Critical Care, a subsidiary of Piramal Healthcare, announced that patent litigation with Baxter Healthcare regarding generic anesthetic Suprane has been [...]

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Piramal Healthcare announced Q2 results and they’ve made about Rs. 53 cr. in profits in the quarter. Click for a larger image. All amounts in Lakhs except EPS and Face Value. I know, hardly anyone gives you eight or nine quarters but honestly that’s how you need to look at a business (quarterly) or longer [...]

Posted in Credit Repair, PIRHEALTH, Results, Sep2011 Comments Off

The company that sold a half of itself to Abbott Labs and gathered a neat sum of about 11,000 cr., is using about 3,000 of it to buy a stake in Vodafone. PIRHEALTH will buy 5.5% of Vodafone Essar for $640m, valuing it at $11.6 bn, or Rs. 50,000 cr. (Read: My first post on [...]

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CNBC TV-18 has an interesting two part discussion on slump sales. They run through the three fundamental ideas I’ve had recently – Indo Asian Fusegear (sold chunk to Legrand), SmarkLink (sold 90% – they say – to Schneider) and Piramal Healthcare (sold …

Posted in Credit Repair, INDOASIFU, PIRHEALTH, SMARTLINK Comments Off

  Piramal Healthcare has been in the news recently for having sold their formulations division to Abbott, for about 17,000 crores. With the cash, they bought back about 4 crore shares out of the 20 odd crore shares they had outstanding (20% buyb…

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