IPCA Laboratories, a Mumbai-based drugmaker, on June 11, acquired further 13.09% of the paid-up equity share capital of Trophic Wellness (TWPL), a company incorporated under the Companies Act, 1956 and engaged in the business of manufacturing and marketing several SKUs of Neutraceuticals underthe brand name "Nutricharge".

With this acquisition of these 13.09% of the equity share capital, the said Trophic Wellness has become a subsidiary of the Company. The Company now holds 52.35% of the paid-up equity share capital of TWPL.

Shares of the company gained Rs 24.45, or 1.20%, to trade  at  Rs 2,061.  The total volume of shares traded  was 7,908 at  the BSE (3.29 p.m, Friday).