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Aurobindo Pharma to invest Rs 15 crore in Synergy Remedies

08 Feb 2019 Evaluate

Aurobindo Pharma has entered into a share subscription agreement to invest Rs 15 crore in Synergy Remedies, a Tirupathi based Pharma Company by subscribing to additional equity shares of the said company. After making the said investment, the Company will be holding 19.9% of the share capital of Synergy.

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.

Peers
Company Name CMP
Sun Pharma. Inds. 1752.50
Dr. Reddys Labs. 1180.00
Cipla 1305.00
Lupin 1942.00
Zydus Lifesciences 1115.20
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