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Aurobindo Pharma Ltd Approves Acquisition Of Hyacinths Pharma-Business Standard

Thursday, 12 Sep 2013 10:19am EDT 

Business Standard reported that Aurobindo Pharma Ltd has approved to acquire Andhra Pradesh based Hyacinths Pharma, from its existing shareholders. The Company's board also approved the to acquire 25% stake in Silicon Life Sciences from the existing shareholder, ABS Mercantiles Pvt Ltd, it added. Post this acquisition, the equity holding of the Company would increase to 100%, thereby making Silicon a wholly owned subsidiary of the Company. The Company, did not disclose financial details. 

Company Quote

-3.9 -0.40%
10:15am EDT