Eiko Lifesciences Ltd (EIKO.BO) has finalized a ₹180 million acquisition of SSM Formulations, bolstering its portfolio in pharmaceutical intermediates and specialty chemicals. This strategic buy enhances manufacturing capabilities, product diversification, and market reach in the competitive API sector.
Strategic Acquisition Boost
Eiko Lifesciences, a BSE-listed player in specialty chemicals and pharma intermediates, announced the completion of its ₹180 million deal to acquire SSM Formulations. The transaction aligns with Eiko's growth strategy, following prior investments like the 25.01% stake in Reflux Pharmaceuticals, by integrating SSM's formulation expertise to strengthen supply chains and innovation in active pharmaceutical ingredients (APIs).
This move comes amid robust demand for Indian pharma exports, positioning Eiko to capitalize on global opportunities while optimizing production efficiencies.
Key Highlights
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Deal Value: ₹180 million cash consideration for full acquisition of SSM Formulations.
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Strategic Fit: Expands Eiko's API and intermediate offerings, targeting key therapeutic areas.
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Synergies: Enhances manufacturing scale, raw material sourcing, and co-development pipelines.
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Market Impact: Supports Eiko's diversification beyond core chemicals into formulations.
The acquisition signals Eiko's aggressive expansion in India's booming pharma landscape.
Sources: BSE Exchange Filing, Moneycontrol, Company Announcement