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.
