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Aurobindo Pharma in talks with Shreya Life to buy Russian business: Report

30 Aug 2017 Evaluate

Aurobindo Pharma is reportedly in discussion with Shreya Life Sciences for a deal to buy the latter’s Russian business. The potential deal is valued between $80 million to $100 million.

The company has given a term sheet and the deal now depends on the final valuation. However, this could be a complex process as the Mumbai-based Shreya Life Sciences may not be keen on selling the entire business and prefer retaining some share.

Shreya Life Sciences was established in 2001 and deals with a wide variety of pharmaceutical products. The company runs operations all over the world and had started its Russian operations just a year after its birth.

Aurobindo Pharma is engaged in manufacturing pharmaceutical products. It offers active pharmaceutical ingredients, intermediates and generic formulations like astemizole, domeperidone and omeprazole; anti-infective, oral and sterile antibiotics, pain management and osteoporosis segments.

Aurobindo Pharma Share Price

1491.40 2.90 (0.19%)
11-May-2026 14:48 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1880.40
Dr. Reddys Lab 1287.25
Cipla 1308.00
Zydus Lifesciences 954.10
Lupin 2266.85
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