Ipca Laboratories has acquired further 6.53% of the paid-up equity share capital of Trophic Wellness (TWPL), a company incorporated under the Companies Act, 1956 and engaged in the business of manufacturing and marketing several SKUs of Neutraceuticals under the brand name ‘Nutricharge’. With the acquisition of these further 6.53% of the equity share capital of the said Trophic Wellness, the company now holds 58.88% of the paid-up equity share capital of said company.
Cash Consideration of Rs 10.58 crore was paid for the additional acquisition of 6.53% shareholding of TWPL. This further acquisition of shares will consolidate the Company's holding in this profitable subsidiary and will help the Company to grow its neutraceuticals portfolio and business.
Ipca Laboratories is engaged in manufacturing of active pharmaceutical ingredients and formulations.
| Company Name | CMP |
|---|---|
| Sun Pharma Inds. | 1850.40 |
| Dr. Reddys Lab | 1310.50 |
| Cipla | 1365.25 |
| Zydus Lifesciences | 939.10 |
| Lupin | 2442.35 |
| View more.. | |
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