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Aurobindo Pharma completes acquisition of balance 49% stake of GLS Pharma

28 Oct 2024 Evaluate

Aurobindo Pharma has completed acquisition of balance 49% of equity shares of GLS Pharma. Earlier, the company had entered into a binding agreement on September 18, 2024, with GLS Pharma, a subsidiary of the Company and its promoters for acquisition of balance 5,90,361 equity shares of Rs 10 each (49% of GLS Pharma) for a purchase consideration of Rs 22.5 crore.

The aforementioned acquisition has been completed on October 25, 2024 and GLS has become a wholly owned subsidiary of the company.

Aurobindo Pharma is engaged in manufacturing pharmaceutical products. It offers active pharmaceutical ingredients, intermediates and generic formulations like astemizole, domeperidone and omeprazole; anti-infective, oral and sterile antibiotics, pain management and osteoporosis segments.


Aurobindo Pharma Share Price

1631.00 9.00 (0.55%)
27-Aug-2026 16:59 View Price Chart
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