Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
24 April, 2018 06:49 IST
Jubilant Life' arm to negotiate potential acquisition of speciality biz in USA
Source: IRIS | 21 Mar, 2017, 10.16AM
Comments  |  Post Comment

Jubilant Life Sciences' material wholly owned subsidiary in Singapore, Jubilant Pharma (JPL) has received an approval to negotiate a potential acquisition of a speciality pharma business in the United States using only internal accruals, subject to due diligence, satisfactory agreements, etc. and its final approval. The board of directors of JPL at its meeting has approved for the same.

The proposed acquisition is a niche, profitable speciality pharma business with a strategic fit and is expected to provide competitive edge for JPL's existing business, if it materializes.

Shares of the company gained Rs 7.65, or 0.97%, to trade at Rs 793.00. The total volume of shares traded was 81,616 at the BSE (10.08 a.m., Tuesday).



Jubilant Life Sciences Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Sector
Bharti Infratel quarterly profit climbs 1.58% - 23-Apr-2018 18:10
US sanctions on RUSAL put Indian automobile industry on crossfire: ICRA - 23-Apr-2018 17:24
Petrol price touches Rs 74.40, diesel at record high of Rs 65.65 - 23-Apr-2018 13:42
Mahindra Powerol launches new range of high power diesel generators - 23-Apr-2018 13:36
Salasar Techno Engg secures orders worth Rs 490 mn - 23-Apr-2018 13:02
Gujarat Ambuja Exports completes 1st phase of greenfield maize processing plant - 23-Apr-2018 12:58
Lupin receives USFDA for generic of Xenazine tablets - 23-Apr-2018 12:52
Indian Hume Pipe surges after new order win - 23-Apr-2018 12:47
Shilpa Medicare rises post EU-GMP approval for three plants - 23-Apr-2018 12:39
Indian Overseas Bank signs agreement with NeSL - 23-Apr-2018 10:21
HDFC Bank Q4 net grows 20% to Rs 47.99 bn - 23-Apr-2018 10:17
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer