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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Motilal Oswal Securities Ltd.

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IPCA Laboratories Ltd Enters Into Agreement With M/s. Avik Pharmaceutical Ltd

Monday, 18 Nov 2013 07:14am EST 

IPCA Laboratories Ltd announced that the Company has entered into an Agreement with M/s. Avik Pharmaceutical Ltd. (Avik) to acquire 50% of its paid-up equity share capital, partly thru purchase of equity shares from its existing shareholders and partly thru subscription to its fresh equity share capital on a preferential allotment basis, both aggregating to approx INR65.1 million (INR6.51 crores). 

Company Quote

8.0 +1.16%
6:22am EDT