Public Market IPO
German firms Mahle, Schott Pharma explore IPOs for Indian units
Source Binance (opens in a new tab)
German firms Mahle GmbH and Schott Pharma AG are seeking to engage banking institutions to facilitate initial public offerings for their respective Indian business units, to raise USD 400-M each.Schott Pharma India (formerly known as Schott Poonawalla) manufactures specialised pharmaceutical glass packaging and drug delivery systems.Mahle operates in India as an automotive supplier and development partner, focusing on electrification, thermal management, and efficient combustion engine components.