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The Economic Times
The Economic Times

Natco Pharma to invest Rs 2,500 crore in South Africa expansion

NATCO Natco Pharma South Africa

New Delhi: Natco Pharma on Wednesday announced investments of nearly Rs 2,500 crore in South Africa, including infusing Rs 1,400 crore in its arm in the country with an aim to enter new geographies.

The company will also increase its stake in South Africa-based Adcock Ingram Holdings Proprietary Ltd (Adcock Ingram) to 49 per cent from 35.75 per cent, with the "acquisition valued at Rs 1,069 crore at the prevailing exchange rate", NATCO Pharma said in a regulatory filing.

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