India, July 23 -- image credit- freepik

Akums Drugs and Pharmaceuticals, a Delhi-based Contract Development and Manufacturing Organisation (CDMO), has announced that its wholly-owned subsidiary, Pure and Cure Healthcare has received Board approval to acquire the manufacturing business of Oriflame India.

The transaction covers two manufacturing facilities - one at Roorkee, Uttarakhand, and the other at Noida, Uttar Pradesh along with a leased warehouse situated at Noida, Uttar Pradesh- for a consideration of Rs 56 crore. The acquisition is being made purely on a cash consideration basis and is expected to be completed by 31st August, 2026, subject to customary closing conditions.

The facilities being acquired bring a wide range of manuf...