By LiveMint-Finance
The launch follows a Delhi High Court nod allowing sales of the cancer drug biosimilar ahead of patent expiry in May 2026.
As it lines up an initial public offering, Duroflex Group enters a tougher arena shaped by new-age rivals, private equity capital and shifting consumer behaviour. The listing comes as organized brands jostle for share in a still-fragmented mattress and furniture market, where scale matters.
In parallel, initial non-binding bids have also been submitted for The Raine Group’s stake in Rajasthan Royals (RR), another IPL franchise, the people said.
IIFL Finance said the Income Tax Department has directed the company to get its accounts audited for a specified block period under Section 142(2A) of the Income Tax Act
