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Solara Active Pharma Sciences Ltd., incorporated in the year 2017, is a Small Cap company (having a market cap of Rs 1249.61 Crore) operating in Pharmaceuticals sector.
"The general level of awareness and compliance related to EHS (Environment Health & Safety) norms in case of manufacturing companies requires drastic improvement and urgent attention" said Nagaraj Krishnan, managing director, Aparajitha Corporate Services, a tech firm providing compliance solutions to over 2000 companies in India.
The increasing prevalence of chronic diseases could see the market for active pharmaceutical ingredients (APIs) growing by 7.5% per year, says a report by Prophecy Market Insights.
Spiracca Ventures was the buyer in the block deal, picking up the stake at a value of Rs 270.54 crore.
Smallcap World Fund offloaded shares in Dreamfolks Services, and Shriram Finance, but bought in Aavas Financiers via block deals.