The Daiichi Deal

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started by Nisha007 4 mnths ago

Dad built the company. Son Mr Malvinder Singh sold their stake to Daiichi for a whopping Rs 10k crore. And then he says, "Ranbaxy is in my blood. I love the business." Yeah sure - and that is why you sold it.

At a time when Indian companies are buying out foreign firms, this did come as a surprise and is saddening to some extent for it will trigger a phenomena of hostile takeovers. Granted that the Pharma industry has been under great pressure due to unfriendly policies, but is a sell out a solution to the business problem or just one that will satisfy personal greed?

Obviously as CEO he will be shown the door one way or another - give him one yr.

Something does not seem right.

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gyanputra posted Re:The Daiichi Deal on 4 mnths ago

Surd malvender has 3 young daughters and he has labored hard to produce a male heir - in his community it appears he feels dis-content with not having a son who will takeover the family business. I would have thought that tying a turban over head of one of his daughters would have done the trick.....but may be there is deeper analysis behind his move.

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Vinod Gupte posted Re:The Daiichi Deal on 4 mnths ago

you have obviously read this article(http://www.rediff.com/money/2008/jun/12pharma.htm) five minutes before you "wrote" this post and replaced "spur" with "trigger" etc.

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Nisha007 posted Re:The Daiichi Deal on 4 mnths ago

Did they write the same thing? Interesting. I have not read that article. I read the ET this morning and we were discussing this case today over high tea. But that is not the point. You must be quite obsessed with me that your focus is more on me than on the topic. You have nothing to comment on the topic. Are you a graduate?

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mf02 posted Re:The Daiichi Deal on 4 mnths ago

we were discussing this case today over high tea.

Ah! So what else do you discuss and recommend to the Chief economists, Federal banks and CEOs of global companies over high tea? Who should buy whome? How much should Fed hike the interest rates? How to control oil prices? etc. etc. Any insights into where is the stock market heading? Housing and credit markets?

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Propagandhi122 posted Re:The Daiichi Deal on 4 mnths ago

mf02,
## haha

## well said old chap.

nisha,
## pass the crumpets would you dear? or perhaps those crustless cucumber sandwiches

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Vinod Gupte posted Re:The Daiichi Deal on 4 mnths ago

You must be quite obsessed with me

## YES.

that your focus is more on me than on the topic.

## cannot help it.

Are you a graduate?

## no. no no. i am kidding you. or maybe not. or am i? no no. i am not. your question is irrelevant.

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mf02 posted Re:The Daiichi Deal on 4 mnths ago

saddening to some extent for it will trigger a phenomena of hostile takeovers

But....this .. was... not .. a .. hostile...take... over...

but is a sell out a solution to the business problem or just one that will satisfy personal greed?

As a CEO or the Chairman of a public company, you are supposed to do what is in the best interests of the share holders, every thing else is secondary..

Where did you do your MBA from again?