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Natco Pharma has received board’s approval to sell of non-core biz

Natco Pharma feels the observations are procedural in nature and is confident that it can handle them fully.
The corporation feels the observations are procedural in nature and is confident that it can handle them fully.

The board of Natco Pharma has approved the sale of ‘Save Mart Pharmacy Stores’ in the US that is a non-core business of the firm.

Natco Pharma had informed in a regulatory filing that the board has approved sale of the US stores – a non-core business of the company,

The financial details as well as reasons for the sale of the assets has not been disclosed by the company.

Natco Pharma Inc which is a wholly owned subsidiary owned the stores.

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