Indoco Remedies Limited (NSEI:INDOCO) agreed to acquire a 85% stake in Florida Pharmaceutical Products, Inc. from Contract Pharmacal Corp. for $4 million on June 5, 2023. Turnover of FPP was USD 4.7 million as on December 31, 2022.

Necessary regulatory approvals, if any, shall be obtained. The Acquisition is subject to completion of applicable conditions precedent as mutually agreed between parties.