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10 Dec 2016

Strides Shasun to acquire the entire shareholding in Perrigo API India Pvt Ltd Rs.100 crore

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Strides Shasun has signed the definitive agreements to acquire the entire shareholding in Perrigo API India Pvt Ltd (Perrigo API India) for Rs.100 crore.

Perrigo API India’s facility brings into the fold a US FDA approved API facility located at Ambernath, Maharashtra, India, to be used for captive consumption and will augment the company’s resources to handle high velocity of new product development and commercial launches in the formulations portfolio. The facility with a potential capacity of 600 tons per year had zero 483s during its last US FDA inspection. The company intends to transfer all the integrated DMFs filed for captive consumption to the acquired facility.

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