September 13, 2007:    ACQUISITION OF 100% SHAREHOLDING OF FORMULATION DOSSIER REGISTRATION HOLDING COMPANIES IN AUSTRALIA AND NEW ZEALAND

Ipca has acquired 100% shareholding of a small formulation product dossier registration-cum-distribution company in Australia. This company is currently holding 5 formulation registration dossiers in that country. This Australian company is also having a wholly owned formulation dossier registration-cum-distribution company in New Zealand currently holding 3 formulation registration dossiers in New Zealand.

Acquisition of these companies will help Ipca in strengthening its existing formulations business in Australia and New Zealand.

Premchand Godha
Managing Director

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