Monday, January 25, 2016

Piramal Enterprises acquires five OTC brands for Rs 92 crore

Piramal Enterprises Ltd’s (PEL) Consumer Products Division announced acquisition of five brands from Organon India Pvt Ltd and MSD BV for Rs 92 crore to beef up its offerings in the over-the-counter (OTC) healthcare segment.
  • The acquisition includes mainly the brands Naturolax, Lactobacil and Farizym,which PEL intends to continue in the Gastro-Intestinal (GI) segment through the over-the-counter (OTC) route.
  • Piramal Enterprises aim to be a top 3 player in theOTC market by 2020 and the addition of this portfolio of brands will help us move swiftly towards that objective.
Piramal Enterprises :
Piramal Enterprises Limited, formerly Piramal Healthcare Limited, is a diversified company headquartered in Mumbai, India and also a member of the Piramal Group.

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