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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).

Peers
Company Name CMP
Sun Pharma. Inds. 1760.85
Dr. Reddys Labs. 1191.40
Cipla 1307.40
Lupin 1955.05
Zydus Lifesciences 1119.25
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