Pombe Biosciences LLP agreed to acquire Pharma Division of Alchemist Limited for INR 10 million on February 12, 2020. The total income of the pharma division for the financial year ending March 31, 2019 was INR 156.695 million. As of February 26, 2020, Alchemist Limited issued notice to its shareholders for seeking approval for the transaction. As of June 06, 2020, Alchemist Limited shareholders approved the transaction. Pombe Biosciences LLP cancelled the acquisition of Pharma Division of Alchemist Limited on February 12, 2021.