Unichem Laboratories has received an approval for sale and transfer of its business of manufacture, sale, marketing and distribution of domestic formulations in India and Nepal, together with all specified tangible and intangibles assets, contracts, rights, personnel and employees, data and records, inventory and other assets and liabilities as agreed between the parties in relation to the said business (Transferred Business) by way of slump sale on a going concern basis, to Torrent Pharmaceuticals upon terms and conditions contained in the agreements proposed to be entered into by Unichem with Torrent for a total consideration of Rs 3,600 crore, subject to such price adjustments and amendments, if any, as may be agreed between the parties. The board of directors at its meeting held on November 3, 2017 has approved for the same.
The transferred business will include the portfolio of several brands in India and Nepal, manufacturing facility at Sikkim and employees performing work in relation to the transferred business. The above transaction is subject to customary conditions precedent, including, shareholders’ approval and is expected to close in the calendar year 2017. Unichem Laboratories will remain an independent publicly listed company with no change in its existing shareholding.
Unichem Laboratories is an international, integrated, specialty pharmaceutical company. It manufactures and markets a large basket of pharmaceutical formulations as branded generics as well as generics in India and several other markets across the world.
| Company Name | CMP |
|---|---|
| Sun Pharma Inds. | 1826.10 |
| Dr. Reddys Lab | 1371.60 |
| Cipla | 1488.15 |
| Lupin | 2251.80 |
| Zydus Lifesciences | 1009.40 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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