Motilal Oswal: Laurus Labs’ Richcore Acquisition A Step Towards Strategic Diversification  

Motilal Oswal: Laurus Labs’ Richcore Acquisition A Step Towards Strategic Diversification

A laboratory worker filtrates liquid with pills during quality control testing. (Photographer: Alex Kraus/Bloomberg)

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Motilal Oswal Report

Laurus Labs Ltd. has acquired 73% stake in Richcore Lifesciences for a cash consideration of Rs 2.5 billion.

The acquisition is a step towards building a vertically integrated biotech segment and adds a new lever to growth.

It particularly provides capabilities in high growth areas of Recombinant (Rh) Proteins, Enzymes and Biological contract development and manufacturing organisation.

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Motilal Oswal Laurus Labs Company Update.pdf
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