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Bal Pharma acquires Golden Drugs Pvt Ltd

Bal Pharma acquires Golden Drugs Pvt Ltd

New Delhi: Bal Pharma Ltd has informed BSE that it has acquired 100 percent shareholding, management control and ownership of M/s Golden Drugs Private Limited a Udaipur, Rajasthan based private limited Company, which is in the business of manufacturing of API’s/ Bulk Drugs.

The Board of Directors of the Company at their meeting held on 22.3.2018 has approved the signing of the share purchase agreement (SPA) with the Directors and shareholders of Golden Drugs Private Limited, with a purchase consideration of Rs.20.66/- per equity shares of Rs.10 each of the said Company.

With this acquisition, Golden Drugs Private Ltd becomes a wholly owned subsidiary of Bal Pharma Limited.

Below is the attachment for the same.

Source: Press Release
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