Laurus Labs announces restructuring plan to dissolve subsidiary Laurus Synthesis
Under the plan, a unit of the subsidiary will be merged with Sriam Labs, and the remaining business will be integrated into the parent entity. Shares of Andhra Pradesh-based Laurus Labs closed 1.5% higher at ₹889.5 apiece on the BSE today (August 21). The stock has gained 44% this year so far.
Under the plan, a unit of the subsidiary will be merged with Sriam Labs, and the remaining business will be integrated into the parent entity. Shares of Andhra Pradesh-based Laurus Labs closed 1.5% higher at ₹889.5 apiece on the BSE today (August 21). The stock has gained 44% this year so far.
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