Aurobindo Pharma’s A1 Labs Ceases To Be Wholly-Owned Subsidiary, Apitoria Now Holds 80% Stake
Mumbai: Aurobindo Pharma announced on Tuesday that A1 Biochem Labs (India) Private Limited, a step-down subsidiary, is no longer wholly-owned by Apitoria Pharma Private Limited. This follows the subscription of shares and debentures by Dr. Rajendra Gadikota, a former promoter of A1 Biochem Group. Stake Acquisition Details Gadikota subscribed to 89,94,500 equity shares and 2,41,05,500 Compulsory…
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