No plans of selling Wockhardt Pharma: Habil Khorakiwala – The Economic Times
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“Habil Khorakiwala, the patriarch of Mumbai-based Wockhardt Pharma, said he has no plans of selling his pharma business anytime soon, in fact, “not in ten years”. “I have created this organisation, so leave aside the emotional links for not divesting which is always there, but purely from a business angle, I don’t need cash. I am sitting on Rs 2,000-crore cash reserve. This problem is not a permanent one, it will go away ,” Khorakiwala told ET at his South Mumbai residence, referring to the drugmaker’s niggling run-ins with the United States drug regulator.”
Read more – The Economic Times