Ipca acquires 33.4% stake in Unichem Labs for Rs 1034 Cr
Both companies are well positioned to successfully integrate product offerings and grow businesses
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Both companies are well positioned to successfully integrate product offerings and grow businesses
The 17,600 level is expected to be crucial for further direction of the Nifty50 going forward and, if the index manages to hold the 17,500-17,600 area, then 18,000 can be a possibility in coming sessions, experts said
Additionally, the Company's Board of Directors has also given the go-ahead to make an open offer to Unichem Laboratories' public shareholders in order to purchase from them up to 26% of the fully diluted outstanding equity share capital of the said company.
Additionally, the Company's Board of Directors has also given the go-ahead to make an open offer to Unichem Laboratories' public shareholders in order to purchase from them up to 26% of the fully diluted outstanding equity share capital of the said company.
After receiving approval from the Competition Commission of India in accordance with the Competition Act, 2002, the shares would be purchased for Rs 440 per share, , ipca laboratories, unichem laboratories