Close Menu
PNN DigitalPNN Digital
    Facebook X (Twitter) Instagram
    PNN DigitalPNN Digital
    • Business
    • National
    • Entertainment
    • Lifestyle
    • Education
    • Press Release
    • Submit Your PR
    PNN DigitalPNN Digital
    Home - Business - Medicamen Organics Strengthens Presence in East Africa through Acquisition
    Business

    Medicamen Organics Strengthens Presence in East Africa through Acquisition

    PNN Online DeskBy PNN Online DeskOctober 9, 2024No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Medicamen
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Mumbai (Maharashtra) [India], October 9: Medicamen Organics Limited (MOL) (NSE- MEDIORG), one of the prominent players in the pharmaceutical sector, specialising in the development, manufacturing, and distribution of an extensive range of pharmaceutical dosage forms, is pleased to announce the signing of a Definitive Share Purchase Agreement on October 08, 2024, for the acquisition of a 51% stake in Depot Pharmacy YEGO Ltd, a pharmaceutical company based in Rwanda, making Depot Pharmacy YEGO its subsidiary.

    This strategic acquisition marks MOL’s expansion into the East African market, enabling the company to strengthen its pharmaceutical distribution channels across the region. The Company is committed to maintaining and enhancing the operational capabilities of Depot Pharmacy Yego Ltd while working towards bringing more products in the market.

    Commenting on the acquisition, Mr. Bal Kishan Gupta, Managing Director, said, ” This acquisition is a significant step in our vision to expand globally and strengthen our presence in key international markets. Depot Pharmacy YEGO Ltd provides us with an excellent platform to bring our high-quality pharmaceutical products to Rwanda and tap into the rapidly growing healthcare needs of the East African region. By leveraging their established distribution network, we will be able to efficiently export our products and ensure greater access to affordable medicines.

    This partnership will benefit us by expanding our global reach and also supports in scaling our operations and expanding further into neighboring East African countries, driving mutual growth and improved healthcare outcomes across the region.”

    Commenting on the selling stake in Depot Pharmacy YEGO Ltd, Mr. Saurabh Singhal said, “I am confident that Medicamen Organics’leadership and expertise will help Depot Pharmacy Yego Ltd scale new heights and continue delivering high-quality pharmaceutical products in Rwanda.”

    If you have any objection to this press release content, kindly contact [email protected] to notify us. We will respond and rectify the situation in the next 24 hours.

    Acquisition Medicamen Organics Presence in East Africa
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    PNN Online Desk
    • Website

    Related Posts

    BLT Limited IPO Opens on 4th August, 2025

    August 1, 2025

    Chairman IFFCO Shri. Dileep Sanghani Announced Shri. K J Patel as the new Managing Director of IFFCO

    August 1, 2025

    Dr. Khushboo Jha Unveils ARTIQA at a Grand Afternoon Launch in Faridabad

    August 1, 2025
    Add A Comment

    Comments are closed.

    Recent Posts
    • BLT Limited IPO Opens on 4th August, 2025
    • Chairman IFFCO Shri. Dileep Sanghani Announced Shri. K J Patel as the new Managing Director of IFFCO
    • Dr. Khushboo Jha Unveils ARTIQA at a Grand Afternoon Launch in Faridabad
    • From Office Cubicle to Open Forest A Woman in the Wild – With a Camera, a Cause, and a Voice
    • Policybazaar for Business Introduces ‘ClaimSetu’: India’s First AI-led Claims insights and scoring engine for Group Health Insurance Claims

    BLT Limited IPO Opens on 4th August, 2025

    August 1, 2025

    Chairman IFFCO Shri. Dileep Sanghani Announced Shri. K J Patel as the new Managing Director of IFFCO

    August 1, 2025

    Dr. Khushboo Jha Unveils ARTIQA at a Grand Afternoon Launch in Faridabad

    August 1, 2025

    From Office Cubicle to Open Forest A Woman in the Wild – With a Camera, a Cause, and a Voice

    August 1, 2025

    Policybazaar for Business Introduces ‘ClaimSetu’: India’s First AI-led Claims insights and scoring engine for Group Health Insurance Claims

    August 1, 2025

    Healthy Skin is the New Gold: The Perfect Rakhi Gift Eternal Bright Announces Flat 40% Off on Every Serum

    August 1, 2025
    PNN Digital
    2025 © pnn.digital

    Type above and press Enter to search. Press Esc to cancel.