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Shilpa Medicare - Acquistion of LOBA

Shilpa Medicare Ltd has informed BSE that the Company has purchased 89540 shares i.e. 99.99% share of LOBA Feinchemie, Vienna an Austrian Company. These shares bought by Shilpa through its subsidiary, i.e. ZATORTIA Holdings Ltd, Limmasol, Cyprus.

LOBA is an ISO 9001 certified Company, approved by Austrian Ministry of Health and USFDA for GMP production of APIs. For Shilpa, this acquisition will be helpful to access the highly regulated markets of Europe and US.

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