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Arvind Remedies gets nod to acquire existing manufacturing company

09 Aug 2011 Evaluate

Arvind Remedies has received an approval to acquire an existing manufacturing company engaged in a similar line of business at an overall consideration of Rs 11 crore. The company has received an approval at its board meeting held on August 02, 2011.

Arvind Remedies is engaged in manufacturing of pharmaceutical formulations such as tablets, capsules (including soft gels), ointments and liquids. It has a manufacturing facility at Kakkalur in Tamil Nadu.

Peers
Company Name CMP
Sun Pharma. Inds. 1853.50
Dr. Reddys Labs. 1202.80
Cipla 1397.20
Lupin 2090.00
Zydus Lifesciences 1202.00
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