Shilpa Medicare has entered into Share Subscription and Shareholder’s agreement with Ash Ingredients INC, New Jersey, USA (Ash) to sell 4% of its stake held in Sravathi Advance Process Technologies (Sravathi), within 6 months from its subscription in Sravathi. The objective of entered into agreement to bring in a strategic partner to bolster the business of Sravathi Technologies, a company engaged in advanced differentiated process technologies & research and development.
Shilpa Medicare produces and exports consistently high-quality Active Pharmaceutical Ingredients Fine Chemicals, intermediates, herbal products and speciality chemical products using sophisticated technology, meticulously following international specifications.