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Gennova Biopharmaceuticals, a subsidiary of Emcure Pharmaceuticals, has executed a Business Transfer Agreement for transfer of its mRNA business as a going concern on a slump sale basis for a cash consideration of Rs 139.5 crore to Immunoscript Life Science on 10 July 2026.
The transfer of mRNA business is part of Gennova's strategic initiative to reorganize its business operations and focus on core areas – research and development, manufacturing and marketing of biotechnology based products including biosimilars and adjacent therapeutic platforms.
For FY2025-26, the revenue and the networth of the mRNA business of Gennova Biopharmaceuticals were Rs 64.71 crore (0.71% of consolidated revenue of Emcure Pharma) and Rs 132.63 crore (2.68% of consolidated net worth of Emcure Pharma), respectively.
The mRNA business business has been divested for a total cash consideration of Rs 139.5 crore. Emcure Pharma expects the transaction to be completed by 17 July 2026.
The company stated that the transfer of mRNA business is part of Gennova’s strategic initiative to reorganize its business operations and focus on core areas, which are research and development, manufacturing and marketing of biotechnology-based products including biosimilars and adjacent therapeutic platforms.
Pune-based Emcure Pharmaceuticals develops and manufactures a wide range of differentiated pharmaceutical products designed to improve patient health and well-being across several major therapeutic areas. Emcure is present in 70+ countries globally, including Europe and Canada.
On a consolidated basis, Emcure Pharmaceuticals' net profit rose 28.81% to Rs 243.40 crore while net sales rose 16.70% to Rs 2469.70 crore in Q4 March 2026 over Q4 March 2025.
The scrip rose 0.15% to end at Rs 1810.45 on the BSE on Friday.
Emcure Pharmaceuticals announced that Marcan Pharmaceuticals Inc., a subsidiary of the Company (Marcan) has on 02 July 2026 (EDT) entered into share purchase agreements with certain shareholders of Mantra Pharma Inc., a step-down subsidiary of the Company (Mantra), to acquire all of Class E Special Shares in the share capital of Mantra for an aggregate consideration of CAD $ 50 million. Consequently, Mantra continues to be 100% subsidiary of Marcan.
Mantra Pharma Inc., a company incorporated under the laws of Quebec, Canada, is engaged in the marketing and distribution of prescription drugs and natural health products.
The brokerage remains optimistic on Emcure's growth prospects and expects the company to deliver low- to mid-teen revenue growth in FY27. It also forecasts EBITDA margin expansion of 75-100 basis points during the year.
According to the brokerage, margin improvement is likely to be driven by higher productivity of the company's field force in India and new product launches across key international markets.
The brokerage highlighted Emcure's focus on research and development-backed products as a key pillar of its long-term growth strategy.
Reflecting its improved outlook, the brokerage raised its earnings per share (EPS) estimates by 1-5% and expects the company to deliver an EPS compound annual growth rate (CAGR) of around 20% over FY26-FY29.