Solara Active Pharma Sciences’ (Solara) Board of Directors has accepted the recommendations of the Committee of Independent Directors and Audit Committee and approved the amalgamation of Aurore, Empyrean and Hydra with Solara. The combination creates a pure play API company of scale with strong presence in Regulated Markets, Emerging Markets, a broad product portfolio, robust operations infrastructure, excellent R&D capabilities and clear synergies to further accelerate growth for the combined entity.
The merger is EPS accretive to Solara and will enhance other important financial ratios for Solara. The merger is in line with Solara’s strategy of accelerating growth via appropriate inorganic actions. The combined entity will have the scale of market presence and product portfolio combined with robust manufacturing and R&D infrastructure to grow into a leading global pure play API and CRAMS company.
Solara Active Pharma Sciences is a young, dynamic, entrepreneurial and customer oriented API manufacturer. The company has a legacy of over three decades and traces its origins to the API expertise of Strides Shasun. and the technical knowhow of human API business from Sequent Scientific Ltd.
| Company Name | CMP |
|---|---|
| Sun Pharma Inds. | 1692.90 |
| Dr. Reddys Lab | 1220.40 |
| Cipla | 1229.10 |
| Zydus Lifesciences | 938.90 |
| Lupin | 2318.20 |
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