IPCA Laboratories Ltd has entered into a Share Purchase Agreement (SPA) to acquire 100% paid-up share capital of Ramdev Chemical Private Limited, a company incorporated in 1999 under Companies Act, 1956 and engaged in the business of manufacturing and marketing of advanced drug intermediates, fine chemicals, custom synthesis molecules and active pharmaceutical ingredients for cash @ Rs. 108.50 crores.
Shares of IPCA LABORATORIES LTD. was last trading in BSE at Rs.960.3 as compared to the previous close of Rs. 972.85. The total number of shares traded during the day was 4380 in over 376 trades.
The stock hit an intraday high of Rs. 985.1 and intraday low of 960.05. The net turnover during the day was Rs. 4256125.