Alem­bic sells its Baddi for­mu­la­tions plant

Chemical Industry Digest - - News & Views -

Alem­bic

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.

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