Lupin plans to acquire brands in US: reports
Lupin is planning to acquire brands and technology firms to increase reach in the US market, according to reports.
Reports stated that the company aims to grow sales by over 20% in the world's most lucrative drug market over the next two years.
Lupin's US formulations revenue grew 22% to Rs 2,530.3 crore during FY12 as compared to Rs 20.79bn in FY11, report says.
Dhunseri buys two tea estates in Africa: reports
Dhunseri Petrochem & Tea Ltd has acquired two tea estates in the Republic of Malawi in southeast Africa, at a consideration of Rs 1.22bn.
Reports says that the company was in discussions with third parties to acquire tea estates overseas.
Together the estates have a capacity to produce 9.5 million kg (mkg) of tea and 0.5 mkg of macadamia and coffee, report says.