Corporate News     02-Aug-23
Ipca Laboratories acquires 33.38% stake in Unichem Laboratories
Ipca Laboratories has acquired 2,35,01,440 fully paid-up equity shares of Rs 2 each, constituting about 33.38% of the paid up equity share capital of Unichem Laboratories, from one of Unichem's promoter shareholder at a price of Rs 402.25 per equity share aggregating to Rs 945.35 crore.

The company has already made an open offer to the public shareholders of Uncihem Laboratories to acquire from them upto 26% of the fully diluted outstanding equity share capital of the said company at a price of Rs. 440 per share aggregating to Rs 805.44 crore.

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