Date:29/09/11,
M&A,
Cross Border Deal,
Evotec AG acquires remaining 30% stake of it's joint venture Evotec India Ltd from DIL Ltd for INR 114 million.
Evotec AG earlier acquires 70% of the equity of Research Support International Pvt Ltd, in August 2009 which was then renamed Evotec (India) Pvt Ltd. The transaction is anticipated to close on 4th October.
Evotec India provides drug discovery solutions to the pharmaceutical and biotech industry. Operating out of Thane, Evotec India has 140 scientists, focusing primarily on Medicinal Chemistry. Germany based Evotec AG is drug discovery and development company.
DIL Ltd founded in 1991, manufactures and markets bulk drugs. The company provides drug discovery and development, and contract research services
Evotec AG earlier acquires 70% of the equity of Research Support International Pvt Ltd, in August 2009 which was then renamed Evotec (India) Pvt Ltd. The transaction is anticipated to close on 4th October.
Evotec India provides drug discovery solutions to the pharmaceutical and biotech industry. Operating out of Thane, Evotec India has 140 scientists, focusing primarily on Medicinal Chemistry. Germany based Evotec AG is drug discovery and development company.
DIL Ltd founded in 1991, manufactures and markets bulk drugs. The company provides drug discovery and development, and contract research services
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