JB Chem acquires 4 brands of drreddys for Rs ninety eight.Three cr

JB Chem acquires 4 brands of drreddys for Rs ninety eight.Three cr

by admin- Thursday, June 30th, 2022 03:32:23 PM

JB Chemicals & Pharmaceuticals at its assembly held on June 29, 2022 has considered and authorised the purchase of portfolio of brands, for use and exploitation within India, from Dr Reddy’s Laboratories Ltd.

JB Chemicals & Pharmaceuticals limited entered into an settlement with Dr. Reddy’s Laboratories Ltd. To gather 4 of its brands “Z&D”, “Pedicloryl”, “Pecef” and “Ezinapi” for the India marketplace All four manufacturers are targeted at the paediatric section inside the u . S . With a total covered marketplace length of 1800 crores as in step with IQVIA statistics. The combined income of these brands as in line with inner estimates changed into Rs. 33 crores for FY 2021-22.

The Acquisition will be completed within following few working days.

The acquisition will be funded normally through long term debt. Cost of acquisition or the price at Rs. Ninety eight.3 crore (apart from running capital and taxes)
which the shares are obtained .

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