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Shilpa Medicare to sell 4% stake in Sravathi

17 Nov 2023 Evaluate

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.

Peers
Company Name CMP
Sun Pharma. Inds. 1853.50
Dr. Reddys Labs. 1202.80
Cipla 1397.20
Lupin 2090.00
Zydus Lifesciences 1202.00
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