Aarti Drugs gets nod to invest Rs 25 crore in Pinnacle Life Science

30 Jan 2025 Evaluate

Aarti Drugs’ board has approved the investment in equity shares of Pinnacle Life Science, wholly owned subsidiary of the company, upto an aggregate value of Rs 25 crore, by way of subscription to the Rights Issue. The investment proceeds will be used by Pinnacle for financing the cost towards expansion/capex plan and other general corporate purpose. The Board of Directors of the company at its meeting held on January 29, 2025, approved the same.  

Aarti Drugs is engaged in the manufacturing of Active Pharmaceutical Ingredients (APIs), Pharma Intermediates, Specialty Chemicals and also produces Formulations with its wholly-owned subsidiary - Pinnacle Life Science. 


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