Welcure board considers Telexcell offer for up to 25 pc stake; rejects demand for control
Welcure Drugs & Pharmaceuticals on Monday said its board has considered Singapore-based Telexcell Trade Pte‘s proposal to buy up to 25 per cent stake in the company while noting that it will be welcomed as an investor only, without control rights. The drug company said its board has considered the Singapore-based company’s proposal to acquire…