Granules India gains on deal to acquire Switzerland's Senn Chemicals

Granules India

24/02/2025 07:34

** Shares of Granules India  GRAN.NS  climb 2.2% to 520
rupees
    ** Pharma co says it signed agreement to acquire
Switzerland-based Senn Chemicals AG 
    ** Co adds, acquisition is expected to close in the
first half of 2025
    ** Financial details of the deal was not disclosed
    ** Stock set to log gains after falling for two straight
sessions
    ** Stock down ~14% YTD vs ~13% fall in broader Nifty Pharma
index  .NIPHARM 


 (Reporting by Yagnoseni Das in Bengaluru)
 ((Yagnoseni.Das@thomsonreuters.com;))