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)

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

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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.

Click on the attachment to read the full report:

Motilal Oswal Laurus Labs Company Update.pdf

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