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Granules India to divest entire stake held in overseas joint venture

14 Oct 2019 Evaluate

Granules India has received an approval to divest the entire stake of the company in Granules-Biocause Pharmaceutical, an overseas Joint Venture Company situated in China. Conclusion of this transaction is subject to fulfillment of certain closing conditions as well as applicable regulatory approvals.

The Board of Directors of the company at their meeting held on October 14, 2019, approved the same.

Granules India is manufacturer and supplier of pharmaceutical products. Its products include active pharmaceutical ingredients (API) like tablets, caplets, rapid release, pharmaceutical, formulation intermediates (PFI) and Finished Dosages (FDs).

Granules India Share Price

673.40 19.00 (2.90%)
20-Apr-2026 11:17 View Price Chart
Peers
Company Name CMP
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Dr. Reddys Lab 1237.60
Cipla 1237.10
Zydus Lifesciences 941.00
Lupin 2328.40
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