Key Points
"The Board approved entering into a definitive Share Purchase Agreement (SPA) for the acquisition of 2,35,01,440 fully paid-up equity shares of Rs 21- each, constituting about 33.38% of the paid-up equity share capital of Unichem Laboratories, a listed entity, from one of its promoter shareholders at a price of Rs 440/- per equity share aggregating to Rs 1034.06 crore," Ipca said in an exchange filing...
This proposed acquisition is subject to the approval of the Competition Commission of India, the company said...
"The board of directors of the company also approved making an open offer to the public shareholders of Unichem Laboratories to acquire from them upto 26% of the fully diluted outstanding equity share capital of the said company at Rs 440/- per share aggregating to Rs 805.44 crore," the company said...
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