Mumbai:
Aurobindo Pharma
’s
wholly owned subsidiary
Curateq Biologics
has incorporated CuraTeQ Biologics B.V. in the
Netherlands
.
In a
stock exchange filing
the company informed that, “Curateq Biologics Private Limited, a wholly owned subsidiary of the Company, has incorporated a new wholly owned subsidiary in the Netherlands by the name of CuraTeQ Biologics B.V."
The object of incorporation of this wholly owned subsidiary is to expand the
Biopharma Products
business in Europe, it added.
The incorporation will be executed through an
initial subscription
of 10,000 shares at a nominal value of €1.00 each amounting to a total value of €10,000 (around Rs 9.6 lakhs).
According to the company, no governmental or regulatory approvals are required, and there is no indicative time period specified for the completion of the acquisition.
By
Online Bureau
,