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Laurus Labs Ltd.

BSE: 540222 Sector: Health care
NSE: LAURUSLABS ISIN Code: INE947Q01010
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NSE 00:00 | 13 Nov 361.10 -8.85
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Announcement under Regulation 30 (LODR)-Acquisition

September 18, 2019, 5:34 pm | Source: BSE | Downlaod PDFDownload PDF

This is to inform you that Laurus Labs Limited has agreed to acquire 100% shares of Phekolong Pharmaceuticals Pty Ltd a wholly owned subsidiary company of Pharmacare Limited t/a Aspen Pharmacare South Africa subject to completion of conditions precedent by way of cash consideration of ZAR 75000 (Seventy-five thousand South African Rand).

At the conclusion of the transaction all residual assets and liabilities that are within the target company immediately prior to completion will be for Pharmacare Limiteds account and accordingly all such assets and liabilities will be transferred from the target company to Pharmacare Limited immediately prior to completion.