03 AUGUST 2021 11:11 IST | ENGLISH | MONEY & FINANCES | GENERAL AUDIENCE
PI Industries has announced taking over Ind Swift as part of its overall strategy of integrating into pharma space. The transaction has been done for a consideration of Rs 1530 cr. IndSwift’s API business has a strong global presence in the pharma API segment globally, with presence in 70+ countries. They also have a strong portfolio of 20+ products with a presence in global top 5 in several of them. How will the deal bring synergies in the business and what improvement does PI Industries expect, especially at PAT levels? What is the opportunity PI Industries sees with API being a big part of revenues 5-6 years down the line? Mayank Singhal, Vice Chairman & MD, PI Industries gives all the details about the deal. Watch!
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