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Granules India surges on inking definite agreement for acquiring Auctus Pharma

05 Nov 2013 Evaluate

Granules India is currently trading at Rs 180.10, up by 5.25 points or 3.00% from its previous closing of Rs 174.85 on the BSE.

The scrip opened at Rs 178.40 and has touched a high and low of Rs 186.95 and Rs 178.40 respectively. So far 17766 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 191.20 on 07-Nov-2012 and a 52 week low of Rs 90.15 on 22-Mar-2013.

Last one week high and low of the scrip stood at Rs 185.40 and Rs 167.55 respectively. The current market cap of the company is Rs 354.20 crore.

The promoters holding in the company stood at 48.92% while Institutions and Non-Institutions held 1.62% and 49.37% respectively.

Granules India, a fast growing pharmaceutical manufacturer has signed a definite agreement for the acquisition of Auctus Pharma, a leading API manufacturer. The acquisition process is expected to be completed in the next three to six months.

Granules has also opened a 10,000 sqft R&D facility in Hyderabad. The new R&D will focus on full scale generic API development and will supplement the Company's existing R&D facility in Pune which currently focuses on sustainable technology development.

Auctus has two manufacturing facilities, an API facility in the Pharmacity in Vishakhapatnam and an Intermediate facility in Hyderabad. The API facility has approvals from leading regulatory agencies including the U.S. FDA, EDQM, Health Canada, KFDA and WHO-GMP.

Auctus' product portfolio includes twelve APIs as well as key intermediates of those APIs. The portfolio includes APIs in several therapeutic categories such as Antihistaminic, Antihypertensive, Antithrombotic and Anticonvulsant as well as other therapeutic categories. Auctus currently sells its APIs and intermediates to customers in fifty countries. The team and assets from the acquisition will initially operate as a separate division with Granules.

Granules India Share Price

689.10 2.35 (0.34%)
24-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1619.95
Dr. Reddys Lab 1315.85
Cipla 1294.75
Zydus Lifesciences 927.15
Lupin 2296.10
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