Joint Venture15 Mar 2025, 10:49 pm
Laurus Labs Invests INR 833 Million in KRKA Pharma Joint Venture
AI Summary
Laurus Labs Ltd has invested INR 833,000,000 (Indian Rupees Eight Hundred and Thirty Three Million only) in KRKA Pharma Private Limited, a joint venture of the company. This investment was made through a rights issue, where the company acquired 83,300,000 (Eighty Three Million and Three Hundred Thousand) equity shares of KRKA at a face value of INR 10/- each. This move is a significant step in the company's strategic partnerships and investments.
Key Highlights
- Laurus Labs invests INR 833 Million in KRKA Pharma
- Investment made through a rights issue
- Acquisition of 83,300,000 equity shares
- Move strengthens the company's joint venture portfolio
- Strategic partnership in the pharmaceutical sector