Corporate News

01-Oct-2026, 01:09

Aurobindo Pharma Limited disclosed that Apitoria Pharma Private Limited, its wholly owned subsidiary, has completed the allotment of securities to Dr. Rajendra Gadikota, the former promoter of A1 Biochem group, resulting in him holding a 20% stake in A1 Biochem Labs (India) Private Limited on a fully diluted basis. The allotment included 89,94,500 equity shares and 2,41,05,500 Compulsory Convertible Debentures, totaling Rs 33.80 crore, and means A1 Labs is no longer a wholly-owned subsidiary, although it remains a subsidiary of Apitoria and Aurobindo Pharma.