India: Aurobindo Pharma buys Generis in a bid to boost margins in Europe

India: Aurobindo Pharma buys Generis in a bid to boost margins in Europe

Aurobindo Pharma. Photo: Bloomberg

Aurobindo Pharma Ltd wanted an acquisition that could lift the profitability of its European operations; its earnings before interest, taxes, depreciation and amortization (Ebitda) margin was in the mid-single digits, compared with the company’s overall 24.6% (in the September quarter).

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