Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News

News :
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
The feature you requested does not exist. However, we suggest the following feature:

IPCA Laboratories : Labs inks pact to acquire Ramdev Chemical for Rs 108 crore

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/26/2019 | 06:41am EDT

Pharmaceuticals major Ipca Laboratories has entered into a pact to buy Maharashtra-based Ramdev Chemical for Rs 108.5 crore.

"The acquisition of Ramdev Chemical will help Ipca Labs to grow its API business by adding new molecules in its products basket with the possibility of forward integrating such products in its dosage formulations business for the world market," Ipca said in a statement.

Ramdev Chemical is engaged in the business of manufacturing and marketing of advanced drug intermediates, fine chemicals, custom synthesis molecules and active pharmaceutical ingredients (APIs).

Ipca Labs has entered into a share purchase agreement to acquire 100 per cent paid-up share capital of Ramdev Chemical, it informed stock exchanges in regulatory filings.

Ipca is a fully-integrated Indian pharmaceutical company manufacturing over 350 formulations and 80 APIs for various therapeutic segments. It has been partnering with healthcare companies in over 120 countries and in markets across the United States, Europe, Australia, Asia and Africa.

In the financial year ended March 31, 2018, it reported net income of Rs 3,259 crore and net profit of Rs 233 crore.

(c) 2019 Vanguard Media Limited, Nigeria Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
06:41aIPCA LABORATORIES : Labs inks pact to acquire Ramdev Chemical for Rs 108 crore
AQ
06:41aVERACYTE, INC. : Change in Directors or Principal Officers (form 8-K)
AQ
06:41aBARNES GROUP : 1Q Earnings Snapshot
AQ
06:40aASTRAZENECA : Newer drugs fuel AstraZeneca quarterly sales beat
RE
06:40aAmerican Premium Water Corp. (HIPH) Announces Sponsorship of NFL Draft Party Hosted by Star New York Jets Running Back LeVeon Bell
AQ
06:40aCABOT : 1Q Earnings Snapshot
AQ
06:39aHEMISPHERX BIOPHARMA : CEO to Present at Planet MicroCap Showcase 2019
AQ
06:39aPACCAR : Kenworth expanding Chillicothe plant by nearly 25 percent with $140M paint facility addition
AQ
06:39aSUBARU : Celebrates 4 Millionth Car Built In The U.S.
AQ
06:39aTAURIGA SCIENCES INC. : Increases its Tauri-Gum Products Liability Insurance Coverage to $3,000,000
AQ
Latest news
Advertisement