Aurobindo Pharma to Buy Hyacinths Pharma, Remaining Stake in Silicon Life Sciences
Published: Oct 02, 2013
Aurobindo Pharma Ltd is acquiring Andhra Pradesh-based manufacturer of active pharmaceutical ingredients (API) Hyacinths Pharma Pvt Ltd for an undisclosed amount, the company disclosed to the stock exchanges. "The board has decided to acquire 100 per cent of the equity stake in Hyacinths Pharma, a company incorporated to manufacture APIs from existing shareholders. The location of the land in strategically ideal and convenient for expansion plans of the company in future," the company said in a filing.
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