Dolat Capital: Laurus Labs Adds Capabilities In Biotech
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Dolat Capital Report
Laurus Labs Ltd. acquired 72.5% stake in Richcore Lifesciences Pvt Ltd. for Rs 2.5 billion funded through internal accruals.
The company will be acquiring existing shareholding of PE funds Eight Road Ventures and Ventur East, while the existing founder and promoter will continue to run the operations.
The transaction will be completed in approximately three months. The acquisition is over and above the Rs 12 billion capex program.
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