Pharmaids Pharmaceuticals acquires 99.86% shareholding in Adita Bio Sys

02 Mar 2024 Evaluate

Pharmaids Pharmaceuticals has completed the acquisition of 99.86% shareholding in Adita Bio Sys (Adita).  Adita is an unlisted private company, which is engaged in the GLP Developmental Services, Drug Discovery & Laboratory animals services & Animal Diet. The acquisition of the shares of Adita inter alia result in growth opportunities in line with strategic objectives of the Company. The acquisition of the target entity is within the main line of business of the listed entity. The cost of acquisition is Rs 52.54 crore. 

Pharmaids Pharmaceuticals is engaged in the business of trading and manufacturing of generics, bulk drugs and intermediaries etc.

Pharmaids Pharma Share Price

59.00 -1.49 (-2.46%)
20-Dec-2024 16:59 View Price Chart
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