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Natco Pharma acquires 35.75% stake in Adcock Ingram

July 23, 2025 at 10:59 AM UTCBy FilingReader AI

Natco Pharma Limited has acquired 51.6 million shares in South African pharmaceutical company Adcock Ingram Holdings Limited for ZAR 75.00 per share, totaling ZAR 4 billion ($226 million).

The transaction gives Natco a 35.75% stake in Adcock Ingram, including its prior shareholding, as part of its strategy to expand into the South African market.

Natco also plans to establish a wholly-owned subsidiary in South Africa with an investment of up to Rs 21 billion.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:NATCOPHARMBombay Stock Exchange

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