Sun Pharma, Dr Reddys, others eyeing to buy Oaknet Healthcare: Report
Mumbai: The leading pharmaceutical companies including Sun Pharmaceutical, Dr Reddy's Labs (DRL), JB Chemicals & Pharmaceuticals, Torrent Pharma, and Piramal Pharma are looking forward to buying a Mumbai-based Oaknet Healthcare, owned by private equity fund Samara Capital, suggests a recent media report in The Economic Times.
Oaknet Health Care is one of the fastest-growing pharmaceutical companies in India, reached amongst the top 100 companies in the Indian Pharmaceutical Market. In 2018, Oaknet Healthcare purchased several brands from GlaxoSmithKline Plc's Indian unit in the cardiology sector, and in 2017, it acquired several brands from Novartis AG in the women's health segment. Apart from dermatology, Oaknet's Rs 200-crore business includes gynaecology, pain management, diet, cardiology, and diabetes.
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