Exclusive: Wockhardt now exploring brand portfolio sales to reduce debt

CNBC-TV18 2019-06-19

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Pharma tycoon Habil Khorakiwala-led Wockhardt is not taking any chances and is working on alternate options to raise funds and reduce debt. The company plans to sell a minority stake in its domestic formulations business, and this is a precautionary move in case the private equity funds do not fructify.

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