Asia
Alembic Pharmaceuticals Incorporates Philippines Subsidiary
Alembic Pharmaceuticals (NSE:APLLTD, BOM:506235) has established a subsidiary called Alembic Lifesciences Philippines Inc. in the Philippines, according to a Wednesday filing to the Indian stock exchanges.Shares of the company rose over 2% in Thursday's trading.The company will hold a 99.99% stake in the new entity, which will focus on marketing and distribution of pharmaceutical products in the region, the filing said.
BOM:506235NSE:APLLTD