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The Hindu·2 min read·medium

Natco Pharma raises stake in South Africa’s Adcock Ingram to 49%

T
The Hindu Bureau
Natco Pharma raises stake in South Africa’s Adcock Ingram to 49%
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Natco Pharma has increased its stake in the South African pharmaceutical company Adcock Ingram to 49% through a transaction worth approximately ₹1,060 crore. This move is part of the Indian company's long-term strategy to expand its footprint in the African healthcare market.

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Generic drugmaker Natco Pharma has completed the acquisition of an additional 13.25% stake in South African pharmaceutical and healthcare company Adcock Ingram Holdings Proprietary.

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