Mumbai, June 8 -- The acquisition, valued at approximately Rs 188 crore in cash, is expected to be completed in the second quarter of FY27. The transaction marks a significant step in Viyash Scientific's strategy to capitalize on the rapidly growing global companion animal health generics market. It is expected to strengthen Alivira's position in the European pet care sector and expand its global companion animal health business.

According to the company, Italy ranks among the five largest animal health markets in Europe, with companion animal care emerging as the fastest-growing segment. Growth is being driven by increasing pet ownership, rising pet humanization trends, and higher spending on preventive and specialized veterinary care....