Shilpa Medicare Buys 30.4% Stake in Spain’s Gate2Brain for €7 Million
Shares of Shilpa Medicare Limited climbed to a day high of Rs 525.00 on NSE on 3 June, while the company announced its wholly owned arm Shilpa Biocare Pvt Ltd would acquire a 30.4% equity stake in Barcelona-based biotechnology firm Gate2Brain S.L. for a total consideration of €7 million. The deal is not a straightforward…