Unichem Becomes A Part Of Ipca As Its Holding Moves Above 50%

Acquisition Price Described As Expensive By Analysts, Cite Need For Turnaround

Ipca Laboratories has completed an open offer for another slice of Unichem, following a recent deal to acquire a third of the company.

acquisition deal
• Source: Shutterstock

Ipca Laboratories has acquired a further 19.29% stake in its fellow Indian firm Unichem for INR5.98bn ($71.9m), taking its holding in the company north of 50% and making it an official Ipca subsidiary.

The change in ownership follows Ipca earlier this year buying a 33.38% stake in Unichem, under which the company concurrently...

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