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Unichem Becomes A Part Of Ipca As Its Holding Moves Above 50%

Acquisition Price Described As Expensive By Analysts, Cite Need For Turnaround

 
• By Dean Rudge

Ipca Laboratories has completed an open offer for another slice of Unichem, following a recent deal to acquire a third of the company.

acquisition deal
• Source: Shutterstock

Ipca Laboratories has acquired a further 19.29% stake in its fellow Indian firm Unichem for INR5.98bn ($71.9m), taking its holding in the company north of 50% and making it an official Ipca subsidiary.

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