News: Laurus Labs invested ₹83.3 crore in KRKA Pharma to enable KKRA acquire land and meet the initial cost of setting up of a manufacturing facility of finished products for new markets including India. KRKA is a joint venture between Laurus and KRKA, Novo mesto of which the current shareholding between both the parties is expected to remain unchanged at 49:51.
View: The investment in JV is the conclusion of a deal signed in April 2024 and consummated on 6th March 2025. The JV will develop a plan to enter the Indian market and other markets outside the European Union where neither party is currently present with its finished products. KRKA is Euro 1.9 billion (Sales) Slovenia based generic player and has been engaged with Laurus for many years.
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