Bal Pharma has informed that the Company has acquired 100% shareholding, management control and ownership of Golden Drugs an Udaipur, Rajasthan based private limited Company, which is in the business of manufacturing of APIs/ Bulk Drugs. The Board of Directors of the Company at their meeting held on 22.3.2018 has approved the signing of the share purchase agreement (SPA) with the Directors and shareholders of Golden Drugs, with a purchase consideration of Rs 20.66 per equity shares of Rs 10 each of the said Company.
The above information is a part of company’s filings submitted to BSE.
