Neuland Labs gets board nod to merge 2 group companies with self

By: | Published: August 27, 2016 3:56 PM

Drug firm Neuland Laboratories today said its board has approved merger of Neuland Health Sciences and Neuland Pharma Research with the company.

"The Board of Directors of the company...have in-principle approved a proposal to merge Neuland Health Sciences (holding company) and Neuland Pharma Research (subsidiary of the holding company) with Neuland Laboratories," Neuland Laboratories said in a filing to BSE (Image Source: Website)“The Board of Directors of the company…have in-principle approved a proposal to merge Neuland Health Sciences (holding company) and Neuland Pharma Research (subsidiary of the holding company) with Neuland Laboratories,” Neuland Laboratories said in a filing to BSE (Image Source: Website)

Drug firm Neuland Laboratories today said its board has approved merger of Neuland Health Sciences and Neuland Pharma Research with the company.

“The Board of Directors of the company…have in-principle approved a proposal to merge Neuland Health Sciences (holding company) and Neuland Pharma Research (subsidiary of the holding company) with Neuland Laboratories,” Neuland Laboratories said in a filing to BSE

The merger is subject to all necessary approvals, it added.

The Hyderabad-based Neuland Laboratories manufactures active pharmaceutical ingredients (APIs) and advanced intermediates.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition