Shree Ganesh Remedies has received approval to acquire Ashok Pharma Chem, a partnership firm engaged in manufacturing of Pharmaceutical intermediate products. The company proposes to enter into an agreement to acquire its 99% stake i.e. of the partnership firm Ashok Pharma Chem. The Board of Directors of the company in its meeting held on December 24, 2019 has considered and approved the same.
The company is engaged in manufacturing and dispatch of drug intermediates and chemicals like amine hydrochloride and specialty fine chemicals for pharmaceutical industry. The company manufactures products relating to antipsychotic, antiseptic, deprotonation reactions, hyperlipidemia, alzheimers and anti-viral.