UB in talks to sell ailing pharma arm

 The Vijay Mallya-controlled United Breweries group is in an advanced stage of negotiation to sell the ailing UB Pharmaceuticals.

 The company is in talks with La Nova Chem, a Mumbai-based bulk drug manufacturer, which in turn is tying up with Italian pharma group Pharma Chem for the proposed acquisition.

 Confirming the development, senior UB group sources told Business Standard,