Aurobindo Pharma has completed the acquisition of 51% of equity share capital of GLS Pharma, operating in oncology business and having manufacturing facility in Hyderabad. Post-acquisition GLS Pharma has become the subsidiary of the company.
Earlier, the board of director of the company had approved the aforesaid acquisition for total consideration of Rs 28.05 crore.
Aurobindo Pharma is engaged in manufacturing pharmaceutical products. It offers active pharmaceutical ingredients, intermediates and generic formulations like astemizole, domeperidone and omeprazole; anti-infective, oral and sterile antibiotics, pain management and osteoporosis segments.
