Medgel has become a 100% wholly-owned subsidiary company of Medi-Caps. The company has acquired 27,16,000 equity shares of Medgel due to invocation of pledge of shares of Medgel, on August 28, 2014 a subsidiary company of the company.
Medi-Caps incorporated in 1986 is a flagship company of Medi-Caps Group, is one of the largest manufacturer of empty hard gelatin capsules in terms of manufacturing capacity.