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Elder Pharmaceuticals completes sale, transfer of its domestic formulations business

30 Jun 2014 Evaluate

Elder Pharmaceuticals has completed the transaction for sale and transfer of its branded domestic formulations business in India and Nepal to Torrent Pharmaceuticals on a slump sale basis on June 29, 2014. This transaction was in pursuance of the Business Transfer Agreement (BTA) entered into between the company and Torrent on December 13, 2013.

Elder Pharmaceuticals (EPL) has around six manufacturing units in India, all as per international standards. Post increasing its stake in Elder Biomeda AD and Neutrahealth PLC, EPL also has access to the manufacturing units of these companies in Bulgaria and Birmingham, UK respectively coupled with distribution network and brands of the same.

Peers
Company Name CMP
Sun Pharma Inds. 1675.20
Dr. Reddys Lab 1235.40
Cipla 1238.30
Zydus Lifesciences 942.55
Lupin 2324.25
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