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Albert David surges on entering into agreement to sell its brand ‘Actibile’ for Rs 55 crore

29 Mar 2016 Evaluate

Albert David is currently trading at Rs. 314.20, up by 20.90 points or 7.13% from its previous closing of Rs. 293.30 on the BSE.

The scrip opened at Rs. 301.50 and has touched a high and low of Rs. 320.90 and Rs. 301.50 respectively. So far 17,000 shares were traded on the counter.

The BSE group 'XC' stock of face value Rs. 10 has touched a 52 week high of Rs. 436.50 on 01-Dec-2015 and a 52 week low of Rs. 238.20 on 17-Feb-2016.

Last one week high and low of the scrip stood at Rs. 320.90 and Rs. 271.00 respectively. The current market cap of the company is Rs. 179.32 crore.

The promoters holding in the company stood at 60.90% while Institutions and Non-Institutions held 4.55% and 34.55% respectively.

Albert David (ADL) has entered into agreements with Zydus Healthcare (a wholly owned subsidiary of Cadila Healthcare) for the sale of ADL’s brand ‘Actibile’ with a free and marketable title along with all business information, know-how and the trademarks associated with the brand in territories of the Union of India; Nepal, South America (excluding Peru and Colombia), The United States of America; Japan, South Africa; the European Union; and East Europe, for a lump sum consideration of Rs 55.00 crore.

The transaction is a part of strategic initiative by Albert David and the proceeds front the sale will be invested for growth and expansion of the branded formulation business of the company.

Albert David manufactures pharmaceutical formulations and bulk drugs, infusion solutions and oral solids, disposable syringes and needles and herbal formulations.


Albert David Share Price

742.00 30.45 (4.28%)
21-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1665.25
Dr. Reddys Lab 1220.75
Cipla 1232.90
Zydus Lifesciences 928.85
Lupin 2311.75
View more..

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