Ipca Laboratories plans Indonesian acquisition

Ipca Laboratories Ltd plans to acquire a pharmaceutical company in Indonesia with a view to enter the largest South-East Asian market.The company has put together a $ 20 million war chest for the acquisition, to be made within the next few months, and a number of companies have been short listed. The company needs good access to the Indonesian market and an established pharmaceutical company would be good vehicle to market Indian pharma products in Indonesia.