The proposed combination pertains to the acquisition of 51.67 per cent shareholding from the promoter shareholders of R Systems International through a share purchase agreement. FDC Ltd has announced that the manufacturing plant located at Waluj, Aurangabad, Maharashtra, which manufactures sterile ophthalmic products, has been inspected by USFDA from February 6 to 12. The audit was carried out for the sterile ophthalmic products being marketed in the US. Man Industries (India) Limited has received new orders worth approximately ₹500 crore. This order reflects a robust business environment and also showcases the trust customers have in the company’s technological and execution capabilities.

Source: The Hindu February 14, 2023 04:41 UTC