12-Jun-2026 19:06:10
🧪 ORCHID PHARMA GETS NCLT APPROVAL FOR DHANUKA LABS MERGER
• ⚖️ NCLT Chennai has approved the merger of Dhanuka Laboratories Ltd with Orchid Pharma Ltd • 📅 Appointed date for the merger is April 1, 2024 • 🤝 Merger aims to create a larger integrated pharma company with operational synergies, wider product portfolio and stronger market presence • 📈 Expected benefits include improved scale, stronger balance sheet, cost optimization and enhanced competitiveness • 🔄 Share swap ratio approved: 161 Orchid Pharma shares (₹10 FV) for every 5 Dhanuka Laboratories shares (₹100 FV) • 🏭 All assets, liabilities and employees of Dhanuka Laboratories will transfer to Orchid Pharma upon the scheme becoming effective 🟢 Impact: Positive (Merger strengthens Orchid Pharma’s scale, product portfolio and long-term growth prospects)
ORCHID PHARMA LIMITED