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

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.
Indian banks have been allowed to fund M&As, but the framework will matter as much as the opportunity.