Laurus Labs Limited wholly-owned subsidiary, Laurus Synthesis, has incorporated Laurus Ingredients with effect from January 9. The wholly-owned subsidiary by Laurus Synthesis under name of Laurus Ingredients has been incorporated for undertaking Ingredients Business and also for setting up Greenfield projects for the new Synthesis Business.
“The new entity i.e. Laurus Ingredients Private Limited shall be a stepdown subsidiary for Laurus Labs Limited,” company said in a regulatory filing on Monday.
At around 10.05 am, Laurus Labs Ltd was trading at Rs353.85 per piece up Rs3.70 or 1.06% on the BSE.
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