Laurus Labs jumps on signing definitive agreements to acquire majority stake in Richcore

Laurus Labs Ltd. | Pharmaceuticals & Drugs | Healthcare | BSE: 540222 | NSE: LAURUSLABS

26 Nov 2020 Evaluate

Laurus Labs is currently trading at Rs. 294.90, up by 9.85 points or 3.46% from its previous closing of Rs. 285.05 on the BSE.

The scrip opened at Rs. 294.90 and has touched a high and low of Rs. 298.80 and Rs. 293.00 respectively.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 345.00 on 30-Oct-2020 and a 52 week low of Rs. 61.90 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 298.80 and Rs. 266.10 respectively. The current market cap of the company is Rs. 15278.54 crore.

The promoters holding in the company stood at 32.12%, while Institutions and Non-Institutions held 27.08% and 40.79% respectively.

Laurus Labs has signed definitive agreements to acquire a majority stake in Richcore Lifesciences (Richcore). Richcore, a fast-growing biotech company based in Bengaluru with its advanced R&D and manufacturing facilities, develops and manufactures biotech products critical for manufacturing biological drugs. Richcore also helps its global customers to develop and scale-up their bioprocesses by providing contract research, development, and manufacturing services.

This acquisition marks Laurus Labs’ entry into the broader biologics and biotechnology segments, providing the company access to its high growth areas, globally and in India. The company will help and drive Richcore to achieve scale and improve product offerings. With this acquisition, company adds a fourth revenue stream to its three existing divisions - API, Formulations and Synthesis.

Laurus Labs is a leading research and development driven pharmaceutical company in India. The company has grown consistently to become one of the leading manufacturers of APIs for anti-retroviral (ARV) and Hepatitis C. It also manufactures APIs in oncology and other therapeutic areas.

Laurus Labs Share Price

1164.00 -2.50 (-0.21%)

05-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Sun Pharma Inds.	1820.75
Dr. Reddys Lab	1270.95
Cipla	1333.55
Zydus Lifesciences	911.85
Lupin	2343.40
View more..

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