Aurobindo to acquire remaining 49% stake in GLS Pharma for Rs 225 million

  • Industry News
  • Sep 20,24
Aurobindo initially acquired a 51% stake in GLS Pharma from promoters Suresh Pathak and his family on June 17, 2022.
Aurobindo to acquire remaining 49% stake in GLS Pharma for Rs 225 million

Aurobindo Pharma Ltd announced its decision to acquire the remaining 49% stake in GLS Pharma Ltd for Rs 225 million, making it a wholly-owned subsidiary. The company signed a binding agreement on September 18, 2024, with GLS Pharma and its promoters to purchase 5,90,361 equity shares at Rs 381.12 per share. The acquisition is expected to be finalised by December 31, 2024.

Aurobindo initially acquired a 51% stake in GLS Pharma from promoters Suresh Pathak and his family on June 17, 2022. GLS Pharma specialises in oncology products, including oral and injectable chemotherapy treatments for solid and hematological malignancies.
(Business Standard)

Related Stories

Process Equipment
 Lupin’s ESG score rises to 76 in S&P Global ESG Ratings

Lupin’s ESG score rises to 76 in S&P Global ESG Ratings

A strong sustainability framework is at the heart of Lupin’s strategy and the company has integrated it in all its business operations.

Read more
Process Equipment
Trump 2.0 may boost Indian pharma opportunities

Trump 2.0 may boost Indian pharma opportunities

Experts highlight that higher tariffs on Chinese goods might enable Indian firms to fill supply gaps in the US generic drug market, a critical region that accounts for 30% of Indian pharma sales and..

Read more
Process Equipment
AptarGroup breaks ground on new pharma plant in Taloja, near Mumbai

AptarGroup breaks ground on new pharma plant in Taloja, near Mumbai

Spanning 4,400 square metres, the new plant will be constructed adjacent to Aptar's existing Mumbai facility, which opened in 2023.

Read more

Related Products

Programmable Controllers - Pcd-33a Series

CHEMICAL PROCESS, FOOD/PHARMA EQUIPMENT & ANALYTICAL INSTRUMENTS

Pro-Med Instruments (P) Ltd offers a wide range of programmable controllers - PCD-33A Series.


Read more

Request a Quote

Gasket Graphite Powder

CHEMICAL PROCESS, FOOD/PHARMA EQUIPMENT & ANALYTICAL INSTRUMENTS

Arihant Packing & Gasket Company offers a wide range of gasket graphite powder. 


Read more

Request a Quote

Asahi Kasei expands 3D printing filament sales in North America

CHEMICAL PROCESS, FOOD/PHARMA EQUIPMENT & ANALYTICAL INSTRUMENTS

Asahi Kasei, a leading resin and compounding technology provider, has initiated the sales of 3D printing (3DP) filaments in North America through Asahi Kasei Plastics North America (APNA). The soft la Read more

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016