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Laurus Labs inches up on entering into joint venture agreement with Krka

Laurus Labs Ltd. | Pharmaceuticals & Drugs | Healthcare | BSE: 540222 | NSE: LAURUSLABS

29 Jan 2024 Evaluate

Laurus Labs is currently trading at Rs. 378.65, up by 0.10 points or 0.03% from its previous closing of Rs. 378.55 on the BSE.

The scrip opened at Rs. 376.20 and has touched a high and low of Rs. 383.25 and Rs. 371.30 respectively. So far 229856 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 444.50 on 02-Jan-2024 and a 52 week low of Rs. 279.65 on 28-Apr-2023.

Last one week high and low of the scrip stood at Rs. 414.15 and Rs. 358.70 respectively. The current market cap of the company is Rs. 20537.29 crore.

The promoters holding in the company stood at 27.19%, while Institutions and Non-Institutions held 36.52% and 36.29% respectively.

Laurus Labs has reached to an Agreement with Krka, an international generic pharmaceutical company in Novo Mesto, Slovenia to establish a joint venture (JV) company in Hyderabad, India (namely Krka Pharma). In this JV Company, Krka will hold 51% and Laurus 49% shareholding. The registered capital of the newly founded company shall be up to Indian rupees equivalent to 50 million euros.

The joint venture will enable the production of finished products for the new markets, including the Indian market. It is expected that the necessary procedures and documentation for the registration of the new joint venture company will be finalised by the end of March 2024. Laurus and Krka have agreed on a step-by-step development of the joint venture company.

Laurus Labs is a leading research and development driven pharmaceutical company in India. The company has grown consistently to become one of the leading manufacturers of APIs for anti-retroviral (ARV) and Hepatitis C. It also manufactures APIs in oncology and other therapeutic areas.

Laurus Labs Share Price

1134.00 -1.00 (-0.09%)

20-Apr-2026 14:59 View Price Chart

Peers

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Sun Pharma Inds.	1669.40
Dr. Reddys Lab	1235.00
Cipla	1233.70
Zydus Lifesciences	939.55
Lupin	2328.80
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Laurus Labs inches up on entering into joint venture agreement with Krka

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