Tuesday saw drug maker Strides Arcolab confirming that it is mulling to acquire a minority stake in Ascent Pharmahealth, listed on the Australian Stock Exchange, for which it is also in talks with the company.
It should be noted that 57 pct of stakes are already held by Bangalore-based Strides Arcolab in Ascent Pharmahealth Ltd. (APH).
In a statement given to the Bombay Stock Exchange, the company said that it is in talks with Ascent Pharmahealth related to a potential take over of the Australian company.


