Vivimed Lab gets CCI’s nod for products sale deal with Clariant

Vivimed Laboratories has received Competition Commission of India’s (CCI) approval to sell some of its products in its specialty chemicals division to drug firm Clariant Chemicals India. Earlier in September, Vivimed had signed a pact for sale of some products in its specialty chemicals division to Clariant Chemicals India for a consideration of about Rs 380 crore.

Vivimed Labs is a listed company engaged in the business of manufacturing products (active ingredients, formulations, etc) for pharmaceutical, personal care and colour chemistry industry. VLL (Consolidated) has manufacturing facilities in India and Overseas.