Mitsui & Co. increases stake in Indian API firm

Mitsui & Co. (Tokyo) says it has on 16 January acquired an additional 27.29% stake in Arch Pharmalabs (Mumbai), a manufacturer of pharmaceutical intermediates and active pharmaceutical ingredients (APIs), for 3.7 billion Indian rupees ($68.6 million). The acquisition has increased Mitsui & Co.'s stake in Arch Pharmalabs to 31.96%. Mitsui & Co. had initially acquired a stake in Arch Pharmalabs in September 2010. Arch Pharmalabs, which was established in 1999, employs about 2,826 people and recorded sales of Rs15.2 billion in the fiscal year ended 31...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers