Lupin incorporates new subsidiary Lupin Lanka in Sri Lanka

Written By :  Ruchika Sharma
Medically Reviewed By :  Dr. Kamal Kant Kohli
Published On 2024-08-07 08:28 GMT   |   Update On 2024-08-07 08:28 GMT

Mumbai: Lupin Ltd. has incorporated Lupin Lanka (Private) Ltd., Sri Lanka, as wholly owned subsidiary of the Company.

The Company will make initial investment of USD 200,000 in Lupin Lanka

Lupin Lanka will be engaged in the business of Pharmaceuticals in Sri Lanka.
Lupin said in a BSE filing, "the Company will hold 100 percent shareholding in Lupin Lanka."

Lupin is a transnational pharmaceutical company headquartered in Mumbai, India. The Company develops and commercializes a wide range of branded and generic formulations, biotechnology products, and APIs in over 100 markets in the U.S., India, South Africa, and across the Asia Pacific (APAC), Latin America (LATAM), Europe, and Middle East regions.The Company specializes in the cardiovascular, anti-diabetic, and respiratory segments and has a significant presence in the anti-infective, gastro-intestinal (GI), central nervous system (CNS), and women’s health areas. The company invested 7.8% of its revenue in research and development in FY24.Lupin has 15 manufacturing sites, 7 research centers.


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