Brands
Kansai Nerolac wishes happy new beginnings with #ColoursThatCare
MUMBAI: Considered as the start of the Hindu new year, Gudi Padwa, as it is known in Maharashtra, has always been looked upon as one of the most auspicious days of the year, as it brings prosperity, happiness, and success into our homes. Paint company Kansai Nerolac is celebrating this heralder of harvest season and new beginnings by highlighting the different names the festival is known by in different regions of India, but signifying the same emotion.
In its social media post, the brand wished all regions celebrating this harvest festival in their regional languages. As festivals are all about vibrant colours, and the best way to bring the season indoors is by picking vivid house paint colours, the brand conveyed the message of “embracing colourful new beginnings” as we welcome the New Year in all parts of the country.
Let’s embrace colourful new beginnings as we welcome the New Year. And may you reap from the harvest of prosperity and happiness.#Nerolac #ColoursThatCare #GudiPadwa #Ugadi #Baisakhi #PohelaBoishakh #Vishu #Puthandu #Bihu pic.twitter.com/A4pk85PjMa
— Nerolac Paints India (@Nerolac_Paints) April 13, 2021
Brands
Sun Pharma to acquire Organon in $11.75 billion deal at $14 per share
Acquisition to create $12.4 billion pharma giant with global scale and biosimilars push
MUMBAI: Sun Pharmaceutical Industries Limited has signed a definitive agreement to acquire Organon & Co. in an all-cash deal valued at $11.75 billion, marking one of the largest cross-border pharma acquisitions by an Indian firm.
Under the terms of the agreement, Organon shareholders will receive $14.00 per share in cash, with Sun Pharma set to acquire 100 per cent of the company’s outstanding shares. The transaction, approved by the boards of both companies, is expected to close in early 2027, subject to regulatory approvals and shareholder consent.
The deal significantly expands Sun Pharma’s global footprint and strengthens its position across women’s health, biosimilars, and branded generics. The combined entity is projected to generate revenues of around $12.4 billion, placing it among the top 25 pharmaceutical companies globally.
Organon, which was spun off from Merck in 2021, brings a portfolio of over 70 products spanning women’s health and general medicines, with operations across more than 140 countries. Its established presence in key markets such as the US, Europe, and China complements Sun Pharma’s existing strengths and growth ambitions.
Sun Pharmaceutical Industries Limited executive chairman Dilip Shanghvi said, “This transaction represents a significant opportunity for Sun Pharma to build on its vision of reaching people and touching lives. Organon’s portfolio, capabilities and global reach are highly complementary to our own.”
Sun Pharmaceutical Industries Limited managing director Kirti Ganorkar added, “This transaction is a logical next step in strengthening Sun Pharma’s global business. Together, we will become a partner of choice for acquiring and launching new products.”
From Organon’s side, Organon & Co. executive chair Carrie Cox noted, “This all-cash transaction offers compelling and immediate value to Organon stockholders, while positioning the business for continued growth under Sun Pharma.”
Strategically, the acquisition gives Sun Pharma entry into the global biosimilars space as a top 10 player and strengthens its innovative medicines portfolio, which is expected to contribute around 27 per cent of combined revenues. The deal is also expected to nearly double EBITDA and cash flow, supporting long-term deleveraging and investment capacity.
Sun Pharma plans to fund the acquisition through a mix of internal accruals and committed financing from global banks, while maintaining focus on disciplined integration and operational continuity post-merger.
If completed as planned, the deal signals a clear shift in India’s pharmaceutical ambitions, from scale at home to leadership on the global stage, with Sun Pharma positioning itself as a more diversified and innovation-led healthcare powerhouse.
