IPCA Laboratories To Acquire Ramdev Chemical
IPCA Laboratories Limited has entered into a Share Purchase Agreement (SPA) to acquire 100% paid-up share capital of Ramdev Chemical Private Limited (RCPL), a company incorporated in 1999 under Companies Act, 1956 and engaged in the business of manufacturing and marketing of advanced drug intermediates, fine chemicals, custom synthesis molecules and active pharmaceutical ingredients for cash at Rs. 108.50 crores.
The acquisition of RCPL will help the Company to grow its API business by adding new molecules in its Products basket with possibility of forward integrating such Products in its dosage formulations business for the world market.
The registered office and manufacturing unit of the company is located at MIDC, Boisar, District - Palghar, Maharashtra on leasehold land admeasuring about 16,000 sq. metres with constructed area of about 5600 sq metres. The manufacturing facility of the company is inspected amongst others by US FDA and EDQM.