Sai Parenterals Acquires 60% Stake in Prathyak Laboratories for ₹15 Crore
Sai Parenterals Limited acquired a 60% stake in Prathyak Laboratories for ₹15 crore, funded by IPO proceeds. The R&D center is renamed Sai Prathyak Laboratories and becomes a subsidiary. This acquisition accelerates development of complex injectables and oncology products, supporting regulated markets and Australian business.
This acquisition directly enhances the company's R&D capabilities, shortens the time-to-market for new products, and supports expansion into regulated markets and international business, indicating a significant positive impact.
The acquisition of an established R&D facility with experienced scientists and a strong product pipeline is a positive strategic move that accelerates the company's growth and integration plans.
Sai Parenterals Limited has successfully completed the acquisition of a 60% equity stake in Prathyak Laboratories Private Limited, a research and development center located at Genome Valley, Hyderabad. The transaction, valued at ₹15 crore, was financed using unutilized net proceeds from the company's initial public offering. Following this acquisition, Prathyak Laboratories has been renamed Sai Prathyak Laboratories Private Limited and is now a direct subsidiary of Sai Parenterals Limited.
This strategic move replaces the company's original plan to build a greenfield research center. Prathyak Laboratories, which has been operational for three years, brings a team of 28 research scientists and a development pipeline of 150 SKUs across 86 molecules. The acquired entity specializes in lyophilised, liposomal, and nano-based complex injectables, as well as oncology injectables, aligning perfectly with Sai Parenterals' focus on regulated-market injectables.
The acquisition allows for immediate commencement of development work, bypassing the construction cycle and the challenging task of assembling a specialized scientific team. The R&D capabilities of Sai Prathyak Laboratories will directly support Sai Parenterals' injectable program, enabling faster commercial production and supply to regulated and semi-regulated markets. Furthermore, the platform will bolster the Group's business in Australia and New Zealand, supporting contractual commitments to introduce new products annually.
Sai Parenterals Limited also has the option to acquire the remaining 40% stake through a Right of First Refusal (ROFR) at the same valuation, to be funded from internal accruals, which would make Prathyak a wholly-owned subsidiary. Mr. Anil Kumar Karusala, Chairman and Managing Director of Sai Parenterals Limited, highlighted that this acquisition provides immediate access to experienced scientific talent and a robust product pipeline, furthering the company's growth strategy of deeper integration, accelerated development-to-commercialization, and in-house capability building.
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Sai Parenterals Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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