MoneyWorks4Me

Laurus Labs informs about update on acquisition of shares

21 Nov 2023 Evaluate

In continuation of its disclosures dated September 11, 2023 and October 16, 2023 regarding signing of SPAs with the shareholders of Laurus Bio for purchase of 37,641 equity shares through secondary purchase and partial completion of acquisition of 29,308 shares respectively. In this regard, Laurus Labs has informed that the Company has completed the acquisition of balance 8,333 equity shares from the promoter group shareholders of Laurus Bio on November 20, 2023. With this acquisition the Company holds 87.59% shareholding (on fully diluted basis) in Laurus Bio.

The above information is a part of company’s filings submitted to BSE.



Peers
Company Name CMP
Sun Pharma. Inds. 1853.00
Dr. Reddys Labs. 1200.40
Cipla 1404.00
Lupin 2098.00
Zydus Lifesciences 1180.00
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