Shilpa Medicare Announces Acquisition of US Based Pilnova Pharma

Pharma major Shilpa Medicare has announced the acquisition of American pharma company Pilnova Pharma Inc. Upon completion of the acquisition process, Pilnova will become a wholly owned subsidiary of Shilpa Medicare. As per the regulatory filing, Shilpa Medicare informed that it has bought a 100 percent stake in Pilnova Pharma at a price of one dollar per share. Pilnova Pharma, a US-registered pharma sector company, is involved in providing marketing and sales support.

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Source: https://www.cnbctv18.com/healthcare/shilpa-medicare-announces-acquisition-of-us-based-pilnova-pharma-18228691.htm

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