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Ipca Laboratories acquires further 20% stake in Bayshore, New Jersey

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Last Updated : Oct 01 2021 | 1:50 PM IST

For consideration of USD 1.2 mn

Ipca Laboratories announced that its wholly owned subsidiary, Ipca Laboratories Inc. USA has acquired another 20% share capital of Bayshore Pharmaceuticals (Bayshore), a New Jersey limited liability company for cash consideration of USD 1.2 million. With this acquisition, Bayshore is now a wholly owned step-down subsidiary of the company.

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First Published: Oct 01 2021 | 1:19 PM IST

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