The Searle Company Limited (KASE:SEARL) agreed to acquire Searle IV Solutions Pvt Ltd and Stellar Ventures Private Limited for INR 7.3 billion on May 25, 2023. Searle Company to Buy Searle IV Solutions and Stellar Ventures for Rs. 7.25 billion.

SEARL will acquire Searle IV Solutions and SVPL for an aggregate price of INR 3.5 billion and INR 3.75 billion respectively. The consideration of INR 3.5 billion for Searle IV Solutions will be financed from right issue. The transaction is subject to obtaining necessary corporate, regulatory and stakeholder approvals.