Piramal Enterprises' step-down wholly-owned subsidiary in the USA, Decision Resources, Inc. (DRG), has acquired 100% of the outstanding shares of common and preferred stock of Context Matters, Inc., at a price per share of USD 0.036 for the shares of common stock and an average price per share of USD 0.293 for the shares of multiple classes of preferred stock.

Context Matters will provide DRG a core data asset for its Global Market Access data & analytics business, to further accelerate the growth of its Global Market Access franchise. The closing date for the acquisition was August 16, 2017. No governmental or regulatory approvals were required for this transaction.

Context Matters, founded in 2010 and headquartered in New York, NY, is a health economics data and technology company delivering global market access insights to the life sciences industry.

Shares of the company gained Rs 29.5, or 1.08%, to trade at Rs 2,772.85. The total volume of shares traded was 3,756 at the BSE (9.52 a.m., Thursday).