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Once a stock market darling, the pharma company is bearing the brunt of a costly acquisition.

The food and FMCG giant is set to be put into provisional liquidation. Abu Dhabi’s IHC and Emaar founder Mohamed Alabbar are now eyeing it.
There’s something for both pessimists and optimists in the QSR player’s Q3 results. Right now, it looks like a coin toss where this business will go next, which makes the euphoric market reaction seem out of place.
Co-founder Lisa Suwal talks about how she scaled a family deli-meat business without a single rupee of venture capital and her decision to sell to ITC.