Ahmedabad (Based on Press release): Asahi Songwon Colors Limited ("the Company" or "Asahi"), which is into the pigments industry, today announced the acquisition of a 78 % in Atlas Life Sciences Private Limited ("Atlas"), a manufacturer of bulk pharmaceutical ingredients (APIs), for an all-cash consideration of INR 48 crores. Atlas is Odhav based company. Asahi is Thaltej headquartered. The plants are in Vadodara and Ankleshwar.
The Board of Directors unanimously approved the acquisition, whi...Read More