Alembic sells its Baddi formulations plant
Pharmaceuticals has sold its formulations manufacturing facility at Baddi. The company sold it on slump sale basis to Scott Edil Pharmacia (SEPL), a company engaged in the business of pharmaceuticals products.
SEPL does not belong to the promoter companies and is not related party of the company. The company continues to meet its domestic formulation demand from Sikkim unit and international formulation demand from its Panelav unit.