SeQuent Scientific today announced that Alivira Animal Health, a subsidiary of Scientific has completed acquisition of Animal Health Business of Lyka Exports.
The acquisition of Lyka's Animal Health Business, which was originally announced on Aug. 27, 2015, includes all IPR, sales, marketing and distribution network with related employees, business contracts, assets and liabilities.
The acquired business will significantly boost Alivira's product profile in cattle and dairy segment coupled with a 250+ field force and pan-India presence. Consolidation with SeQuent will be effected from the third quarter of FY16.
Shares of the company gained Rs 2.5, or 0.26%, to trade at Rs 970.00. The total volume of shares traded was 1,704 at the BSE (10.48 a.m., Thursday).