One of the oldest pharmaceutical companies Unichem Labs is back on the block. Sources privy to the details say that it is scouting for buyers and have received interest from domestic and global companies.
Unichem’s domestic operations is 57 percent of its total sale. The company’s 10-12 percent of domestic portfolio is under National List of Essential Medicines.
CNBC-TV18’s Ekta Batra, quoting sources, says that global companies are interested in the company as it will help them deepen distribution as well as hike drug volume in India.
The company refused to comment on the speculation or rumours.
Domestic companies like Dr Reddy’s refused to comment on the speculation while Sun Pharma denied interest in Unichem.
Watch video for more...