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Specialty chemicals maker Anupam Rasayan India has signed an agreement to acquire up to 43.3 per cent stake in pharmaceutical formulations company Bliss GVS Pharma Ltd for an estimated Rs 1,369.51 crore and launch an open offer to acquire a further 26 per cent in the firm, according to a statement The Surat-based company will acquire a 43.3 per cent stake at Rs 299 per share for Rs 1,369.51 crore, and launch a mandatory open offer for an additional 26 per cent from public shareholders at the same price, Anupam Rasayan said in a late-night regulatory filing. "We have entered into a definitive agreement to acquire 43.3-48.2 per cent equity stake and are making an open offer to the public shareholders of Bliss GVS Pharma," Anupam Rasayan India Managing Director Anand Desai said. The acquisition will be funded through a Rs 300 crore term loan, with the remaining amount financed via a non-controlling, non-voting equity instrument. "This will strategically strengthen our presence across
Strides Pharma Science Ltd on Monday reported a 51 per cent rise in consolidated net profit at Rs 129.28 crore for the fourth quarter ended March 31, 2026 driven by a good growth in its main markets excluding the US. The company had posted a profit of Rs 85.62 crore for the year-ago period, Strides Pharma said in a regulatory filing. Revenue from operations in the quarter stood at Rs 1,323.47 crore as compared to Rs 1,190.39 crore in the year-ago period, it added. In the fourth quarter, revenue from main markets excluding the US was up at Rs 645.8 crore as compared to Rs 480 crore in the year-ago period. The US market revenue was at Rs 646.7 crore, down from Rs 651.5 crore in the year-ago period, the company said in an investor presentation. Total expenses in the quarter under review were higher at Rs 1,178.59 crore as compared to Rs 1,071.71 crore in the same period a year ago, the company said. In FY26, consolidated net profit was at Rs 574.52 crore as compared to Rs 3,597.51 cr
Alembic Pharmaceuticals Ltd on Friday reported a 29 per cent rise in consolidated net profit at Rs 202.7 crore in the fourth quarter ended March 31, driven by revenue growth across segments. The company had posted a consolidated net profit of Rs 156.89 crore in the corresponding period of previous fiscal, Alembic Pharmaceuticals said in a regulatory filing. Consolidated revenue from operations in the fourth quarter stood at Rs 1,847.72 crore as against Rs 1,769.64 crore in the year-ago period, it added. Total expenses in the quarter under review were at Rs 1,730.94 crore as compared to Rs 1,591.22 crore in the same period a year ago, the company said. Alembic Pharmaceuticals Ltd Managing Director Pranav Amin said,"Q4FY26 reflects disciplined execution across our businesses, supported by continued focus on profitability, operational delivery and long-term growth investments." He further said, "We delivered revenue growth across key segments while maintaining healthy pre-R&D ...