New Delhi: The pharmaceutical company Ipca Laboratories said on Friday that it had acquired an additional 13.09 percent stake in Trophic Wellness Pvt Ltd for a cash amount of 21.20 million, making it a subsidiary of the company.
The company now owns 13.35 percent of the share capital of Trophic Wellness Pvt Ltd. obtain. The company now owns 52.35 percent of the paid-up share capital of Trophic Wellness Pvt Ltd (TWPL). .
“With the acquisition of these further shares, TWPL has now become the subsidiary of the company. This will help the company to grow its portfolio and food business, ”he added.
The acquisition of the shares is for cash amount of 21.20 million for 5.30,000 shares of TWPL, he added.
Source: Telangana Today