Advent will also be making an open offer to acquire additional 26% of the outstanding equity shares of the company from the public shareholders.
As per the agreement, NSE-listed Vaishali Pharma Limited will take over the entire domestic and international marketing of Jark Pharma’s portfolio of quality based ayurvedic products
The scheme is subject to statutory and regulatory approvals as may be necessary.
Allam was serving recently as the CEO at Public Investment Fund
Ipca Laboratories now holds 58.88% of the paid-up equity share capital of the company.
Post the sale, Patel family has become the single largest promoter shareholder in the company
Gates Frontier, Bezos Expeditions, Reliance Digital Health Limited, Greenoaks, Alumni Ventures, Moore Strategic Ventures, and Project X join ARCH as new additional investors
The MOU will involve product collaboration from both companies with a goal of propelling PFAS destruction in groundwater globally
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