The seller in this deal has been identified as Anushka Constructions, with the agreement being registered on October 5. Micro Labs paid Rs 6.22 crore as stamp duty for the purchase, according to property registration documents
The company hasn't distributed freebies as claimed by tax authorities, Jayaraj Govindaraju, Executive Vice President Marketing and Communication, told Moneycontrol
Dolo650 makers say that the Income Tax sleuths have collated the total marketing expenditure from all divisions of the company for past several years to arrive at a 1000 crore figure.
The IT sleuths conducted a search operation on 36 premises spread across 9 states. MicroLabs’s Dolo 650 made big money during COVID-19 and the company became a market leader in the sector.
Top management including CMD and director raided
After the spectacular rise of Dolo 650’s sales offline and memes online, Crocin 650 released ads to get in on the action. But are ads a match for memes?
Dilip Surana, chairman and managing director at Micro Labs, on the reasons for the wild popularity of the tablet during the pandemic, the company’s plans for 2022 and ingredients to succeed in a business.
Shares of Indoco Remedies climbed 6 percent intraday Wednesday after the company acquired manufacturing facility of Micro Labs in Himachal Pradesh.
Foraying into the Indian pharmaceutical market, eyecare firm Bausch & Lomb today said it has entered into a deal with Bangalore-based Micro Labs for contract manufacturing of medicines to treat eye diseases.