Eiko Lifesciences (BOM:540204) has agreed to acquire a 51% equity stake in SSM Formulations, according to a Friday filing on BSE.
The transaction will be completed in phases alongside Eiko's planned fundraise through warrants, the filing said.
SSM Formulations, based in Hinganghat, Wardha, operates a WHO-GMP accredited manufacturing facility on the Nagpur-Hyderabad highway, according to the filing.