Morepen Laboratories is reportedly in talks with Ajay Piramal Group to sell its OTC (over-the-counter) business of market leading brands such as Burnol. This step has been taken in order to monetize some of its mainstream brands when larger rivals look to expand their consumer product portfolio. Morepen has mandated Deloitte Touche Tohmatsu to run a formal process and the negotiations are at quite an advanced stage.
Founded in 1985, Morepen Laboratories has a wide range of front-ranking presence in the wellness category. Its spectrum of popular OTC products, such as Burnol, Lemolate and Sat Isabgol are leading brands in the respective categories.
