M&A
Ipca Labs invests Rs.21-Cr for 13% add stake in nutraceuticals maker Trophic
Publicly-listed pharma firm Ipca Laboratories has acquired an additional 13.09% stake in fellow Mumbai-based Trophic Wellness Pvt Ltd (TWPL) for INR 21.2 crore in cash, making it a subsidiary of the company with a 52.35% stake. The move is aimed to help Ipca grow its nutraceuticals business. For FY21, TWPL posted a total income of INR 102.82 crore, and profit after tax of INR 21.76 crore. It makes nutraceuticals under the Nutricharge brand, with a manufacturing facility in Sikkim. The company is debt-free.
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