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Anupam Rasayan Gains Control of Bliss GVS Pharma

Anupam Rasayan Gains Control of Bliss GVS Pharma
Anupam Rasayan Acquires 22.5 Lakh Shares Of Bliss GVS Pharma For ₹162.74 Crore · freepressjournal.in

Anupam Rasayan bought a large number of shares in Bliss GVS Pharma.

The purchase cost about ₹162.74 crore.

After earlier purchases, Anupam Rasayan and its associate now own just over half of Bliss GVS Pharma.

This means they have gained control of the company.

They have also become its promoters.

Bliss GVS Pharma makes several kinds of medicines, including tablets, capsules and suppositories.

Anupam Rasayan said the deal will connect more parts of its pharmaceutical business.

The article gives different turnover figures for some financial years, so those figures should be read carefully.

Key facts

Acquisition size
22,50,000 equity shares
Purchase value
₹162.74 crore
Price per share
₹723.2883
Combined holding
5,32,36,264 shares, or 50.07% of Bliss GVS Pharma
New status
Anupam Rasayan and Mates Visa Consultancy were designated promoters and gained control
Bliss GVS Pharma products
Suppositories, pessaries, tablets, capsules and other specialty pharmaceutical products
Target company incorporation
11 December 1984

Sources

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