MUMBAI: Indian generic drugmaker Aurobindo Pharma Ltd said on Wednesday its US unit won a bankruptcy auction to buy nutritional supplements maker Natrol Inc for $132.5 million.
Aurobindo said the deal with Chatsworth, California-based Natrol, which sells vitamins and supplements as well as diet and weight management products, will help the company expand its over-the-counter products business in the United States.
The deal is pending final approval by the United States Bankruptcy Court for the District of Delaware, Aurobindo said in a statement. Barclays provided legal advice to Aurobindo on the deal, while Sullivan & Cromwell LLP was the company's legal counsel.
Aurobindo's shares were up 4 percent at 1,066 rupees at 0447 GMT on Wednesday, while the NSE index was up 0.4 percent.
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