https://www.taxtmi.com/news?id=73008 Strategic disinvestment of Indian Medicines Pharmaceutical Corporation Limited was implemented through a two-stage open competitive bidding process for sale of 100% equity shareholding with transfer of management control. After Expressions of Interest, due diligence, security clearance, and issuance of the Request for Proposal and Share Purchase Agreement, two financial bids were received and evaluated as technically qualified. The highest bidder, M/s. Skymap Pharmaceuticals Private Limited, emerged above the reserve price and was approved as the strategic buyer. en-us Wed, 27 May 2026 11:10:27 +0530 Wed, 27 May 2026 11:10:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=73008 Strategic disinvestment of Indian Medicines Pharmaceutical Corporation Limited was implemented through a two-stage open competitive bidding process for sale of 100% equity shareholding with transfer of management control. After Expressions of Interest, due diligence, security clearance, and issuance of the Request for Proposal and Share Purchase Agreement, two financial bids were received and evaluated as technically qualified. The highest bidder, M/s. Skymap Pharmaceuticals Private Limited, emerged above the reserve price and was approved as the strategic buyer. News - Wed, 27 May 2026 11:10:27 +0530 https://www.taxtmi.com/news?id=73008