Natco Pharma completes sale of US stores

G Naga Sridhar Updated - January 20, 2018 at 07:31 AM.

Natco Pharma Ltd has on Thursday announced the completion of the sale of its Save Mart Pharmacy store in the US to Care Mart Inc.

The Hyderabad-based company had earlier singed an agreement in this regard which provided for consideration towards goodwill furniture and fixers and inventory etc, according to a release.

Natco’s scrip gained 1.68 per cent on the Bombay Stock Exchange and is trading at Rs 447.20 at 2 pm on Thursday.

Published on April 7, 2016 08:45