IHS Chemical Week

Markets :: Fine Chemicals/Biotech :: Pharmaceutical ingredients

Jubilant consolidates pharma business under Singapore subsidiary

10:07 AM MDT | October 7, 2013 | Natasha Alperowicz

Jubilant Life Sciences (Noida, India), a pharmaceuticals and life sciences company, said on Friday that its board of directors voted to transfer the active pharmaceutical ingredients (APIs), dosage forms business, and the 18% shareholding held by Jubilant in Jubilant Pharma Holding, and the 77.65% shares in Belgium-based Jubilant Pharma NV to a new company to be incorporated in India as a wholly owned subsidiary of Jubilant Pharma Ltd. Singapore, which is a wholly owned subsidiary of Jubilant. The transfer is being made for a total of 11.45 billion Indian rupees...

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