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The IPO will comprise an offer for sale (OFS) of up to 28,184,060 equity shares with a face value of Rs1 each
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On a year-on-year (YoY) basis, QMS Medical’s operating income saw a 17 per cent improvement, while EBITDA grew by 4 per cent compared to the same quarter last year
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Established in 2011 as a 50:50 joint venture for pharmaceutical sales and marketing in India, Bayer has now acquired the remaining 25 per cent stake to secure full ownership of the entity, in accordance with pre-agreed joint venture terms
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