India, June 8 -- Viyash Scientific Limited, through its wholly owned subsidiary Alivira Animal Health Limited, has signed a binding agreement to acquire a 100% stake in Italy-based BioForLife Italia S.r.l. (BFL) for a cash consideration of approximately Rs 188 crore.
The acquisition, expected to be completed in the second quarter of FY27, marks a significant step in the company's strategy to strengthen its presence in the rapidly growing global companion animal health market and expand its footprint in Europe.
Based in Milan, BioForLife specializes in the development, commercialization and distribution of pet care products. The company has established a strong presence in nutritional supplements, pharmaceuticals and rapid diagnostic tests...