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Genpharmasec to acquire 70% stake in Derren Healthcare

20 Sep 2023 Evaluate

Genpharmasec has executed a Share Purchase Agreements (SPA) and Share Subscription Cum Shareholder’s Agreement (SSSA) with Derren Healthcare (DHPL) and its shareholders to acquire 70% stake in DHPL in a staged manner over a period of 1 year.

The Acquisition would be in line with the Company’s long-term strategic objective and aiming to create a differentiated scale play in Pharma. The Company expects to create significant value by leveraging combined capabilities and unlock synergies.

Genpharmasec is an India-based company, which is engaged in pharmaceutical activities and trading in equity shares.


Peers
Company Name CMP
Redington 327.50
Adani Enterprises 2735.00
Amrapali Industries 33.57
Maxgrow India 172.35
Rashi Peripheral 738.20
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