Piramal Enterprises acquires Piramal Consumer Products for Rs 1.50 Lakh

Piramal Enterprises has acquired Piramal Consumer Products (PCPPL) for a consideration of Rs 1.50 Lakh. The consideration amount is nominal since the company so acquired has not undertaken any substantial business operations. Consequent to this acquisition, PCPPL is now a wholly owned subsidiary company of Piramal Enterprises.

Piramal Enterprises is one of the leading players globally in CRAMS (custom research and manufacturing services) as well as in the critical care segment of inhalation and injectable anaesthetics. It also has a strong presence in the OTC segment in India.