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Bal Pharma acquires drug ingredient manufacturer

India's Bal Pharma Ltd. fully acquired M/s Golden Drugs Pvt. Ltd., which manufactures active pharmaceutical ingredients and bulk drugs.

The company acquired M/s Golden Drugs' shares at 20.66 Indian rupees each.

Bal Pharma provides pharmaceutical formulations and active pharmaceutical ingredients in India and internationally.

As of March. 22, US$1 was equivalent to 65.15 Indian rupees.