Completed first tranche of 75% acquisition in Apnar Pharma
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Senores Pharmaceuticals has completed the first tranche of its acquisition of Apnar Pharma Private Limited, acquiring 75 percent stake (56,63,804 equity shares) for about Rs 11.46 crore. This is part of the full 100 percent acquisition announced earlier via a Share Purchase Agreement in two tranches. The remaining 25 percent stake is expected to be acquired by Q2 of FY 2027, which will make Apnar a wholly-owned subsidiary.
Expands the companys business via acquisition; balance 25 percent stake buyout expected by Q2 FY27 to make Apnar a fully-owned subsidiary.