Bliss GVS Acquires Majority Stake In Kremoint Pharma
by Paritosh Gajjar
Bliss GVS Pharma has acquired 70% management stake in Kremoint Pharma Private Limited, a BSE filing stated. The amount of investment is not disclosed.
The acquisition is aimed at boosting the company's manufacturing and export of pharmaceuticals.
Kremoint Pharma, commenced manufacturing operations in 1994 under Ashwin.K.Thakkar and is a manufacturer, exporter and supplier of various types of ointments and cream and gel formulations which includes antibiotics, corticosteroids, antiseptic and anti-inflammatory type of combinations. It exports its various pharmaceutical formulations to countries like Congo, Nairobi, Dubai and Nigeria.
Rane Holdings Limited has acquired an additional 19.24% stake in Bangalore based SasMos HET Technologies Private Limited, from Lumipol International BV, taking its total sharholding to 45.24% in the company.