Amrutanjan Health Care Ltd is set to foray into the beverages business with the acquisition of Siva's Soft Drink Pvt Ltd's Fruitnik brand. it has entered into a pact with Siva's Soft Drink to acquire its soft drink and fruit-based beverages business along with the brand Fruitnik for Rs 26.20 crore. Fruitnik, a pulp-based flavoured fruit drink, is a 50-year-old brand well known in the South, particularly Tamil Nadu.
Amrutanjan has a prominent presence in the OTC pharma segment. It posted net profit of Rs 3 crore for the quarter ended December 2010 on a turnover of Rs 34 crore. For 2009-10, it posted a net profit of Rs 12 crore on a turnover of Rs 89 crore.
| Company Name | CMP |
|---|---|
| Sun Pharma Inds. | 1668.00 |
| Dr. Reddys Lab | 1232.25 |
| Cipla | 1228.90 |
| Zydus Lifesciences | 936.35 |
| Lupin | 2328.60 |
| View more.. | |
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