PI Industries scraps Rs 15.3bn acquisition of lnd Swift’s API unit

PI Industries scraps Rs 15.3bn acquisition of lnd Swift’s API unit

PI Industries Ltd (PIIND), an Indian agri-sciences company, said that its previously announced INR 1,530 crores acquisition of the active pharmaceutical ingredient (API) business division of lnd Swift Laboratories Limited (ISLL) has been terminated. The closing of the deal was subject to the meeting of pre-defined preceding conditions by 31 October 2021. According to PI […]

PI Industries to acquire API business of lnd Swift Laboratories

PI Industries to acquire API business of lnd Swift Laboratories

PI Industries Ltd, an Indian agri-sciences company, has agreed to acquire the API business division of lnd Swift Laboratories Limited (ISLL) for INR 1,530 crores ($210 million). Based in Chandigarh, lnd Swift Laboratories manufactures and exports active pharmaceutical ingredients (API) and advanced intermediates. The Indian pharma company serves the API requirements of regulated and soft […]