Shilpa Medicare plans API biz stake sale
- Shilpa Medicare had a market capitalization of ₹2,720 crore at close of trading on Monday. The company generates bulk of its revenue from the API business
MUMBAI: Shilpa Medicare plans to sell a stake in its API (active pharmaceutical ingredient) business, its high-revenue generating unit that was spun off into a separate entity this July, said two people aware of the matter.
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