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Natco offers to acquire 35% in Adcock Ingram for ₹2,000 cr
Business Standard
|July 24, 2025
Expected to be closed in 4 months, deal to facilitate Indian firm's entry into Africa
In a bid to enter the African market, Natco Pharma on Wednesday announced that it had submitted a firm ZAR 4 billion (₹2,000 crore) cash offer to buy a minority stake in South Africa-based drug-maker Adcock Ingram Holdings Limited (AIHL).
If the move succeeds, the Hyderabad-based Natco will buy a 34.95 per cent stake in Adcock Ingram from minority stakeholders at ZAR 75 ($4.271) per share.
The deal will give Natco a gateway into South Africa, with AIHL boasting of a 10 per cent share of the private pharmaceutical market in the nation. It is also the largest supplier of hospital and critical-care products in South Africa.
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