China’s Fosun-owned Gland Pharma gets nod for proposed $814m IPO

China’s Fosun-owned Gland Pharma gets nod for proposed $814m IPO

Gland Pharma Ltd, which is majority-owned by China’s Fosun Group, has received the Securities and Exchange Board of India’s (Sebi) approval to go ahead with its proposed 6,000 crore IPO, a person aware of the development told Mint.