Piramal Healthcare eyeing OTC acquisitions

20 Oct 2010 Evaluate

The over-the-counter (OTC) division of Piramal Healthcare Ltd, one of the key businesses that the company retained after divesting its flagship formulations and diagnostics services units for Rs.17,600 crore in May, is in the process of finalizing multiple acquisitions. The objective is to grow to the next level through the inorganic route.

The company is in the process of identifying acquisition targets that fit into its range in terms of business segment and return on investment. The firm is actively looking for acquiring established brands and companies in India and overseas, and it has also indicated that funding is not a constraint if the target fits into its scheme of things.

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