Laurus Labs Limited forms JV company

Laurus Labs Limited has announced that a Joint Venture Company named M/s. KRKA Pharma Private Limited (JV Company) got incorporated in India effective April 12, 2024 pursuant to the joint venture agreement dated January 25, 2024 between the Company (M/s. Laurus Labs Limited) and M/s. KRKA, an international generic pharmaceutical company in Novo Mesto, Slovenia.

In this JV Company, KRKA holds 51% and Laurus Labs holds 49% shareholding.

Shares of Laurus Labs Limited was last trading in BSE at Rs. 430.05 as compared to the previous close of Rs. 442.00. The total number of shares traded during the day was 200563 in over 5825 trades.

The stock hit an intraday high of Rs. 439.60 and intraday low of 415.20. The net turnover during the day was Rs. 86627036.00.

Source : Equity Bulls

Keywords

LaurusLabs INE947Q01028 JVCompany