Bal Pharma Update On Acquisition Of Golden Drugs
Bal Pharma Limited has acquired Golden Drugs Private Limited. Detailed information is annexed below:
| S.No | Clarification sought | Clarification provided |
| 1 | Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, the country in which the acquired entity has the presence and any other significant information. | Incorporated in 2012, GoldenDrugs Pvt Ltd is in the business of manufacturing of bulk drugs and intermediates in Udaipur, Rajasthan. As the Company was yet to commence the production as on the date of acquisition i.e 23/3/2018, financial data for the same is not available. |
| 2 | Cost of acquisition or the price at which the shares are acquired. | Rs.20.66/- per share ofRs.10.00/- each was the consideration paid for acquisition of 100% shareholding. |
| 3 | Industry to which the entity being acquired belongs. | Pharmaceutical Industry |
| 4 | Name of the target entity, details in brief such as size, turnover etc. | Golden Drugs Private Limited has got the production capacity to manufacture up to 15 tones of bulk drugs and intermediates, per month which will ease the capacity constraints of Bal Pharma Ltd to a large extent. |
