Wednesday, December 17, 2025 | 03:26 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Unichem plans to sell drug unit to Mylan for $30 million

Image

Reuters Delhi, India

MUMBAI (Reuters) - Unichem Laboratories said on Friday it plans to sell a drug manufacturing plant located in central India to a unit of U.S.-based Mylan for 1.6 billion rupees.

The deal is subject to the execution of a definitive agreement between the two drugmakers and regulatory approvals, Unichem said in a statement.

Shares in Unichem Laboratories rose 1.04 percent on Friday to 175.55 rupees when the wider Mumbai market fell 0.16 percent.

(Reporting by Kaustubh Kulkarni; Editing by Prateek Chatterjee)

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 15 2013 | 7:55 PM IST

Explore News