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Aurobindo bets on Eastern Europe with larger product base, acquisition

Acquisition-led strategy pays off, accounts for 25% of firm's revenue; product basket expands to 271

Aurobindo Pharma
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Aurobindo Pharma

BS Reporter Hyderabad
Aurobindo Pharma Limited is looking at Eastern Europe as a priority market for inorganic growth as it seeks to further expand its European operations, which came as a strong insurance in the face of headwinds from the US market in the form of steep price erosion.

"We always actively pursue M&A opportunities for the purpose of market penetration and for new product platforms. When it comes to geographical preference Eastern Europe is more attractive in terms of priority," N Govinda Rajan said in response to a question during the analysts call yesterday.

The company's acquisition-led strategy has paid off in