Regions :: North Asia :: Japan
Mitsui & Co. increases stake in Indian API firm
12:22 AM MST | January 18, 2013 | Deepti Ramesh
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?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee