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Medicamen Organics and Medi Hub Organic Announce Strategic Investment In Nepal
The Business Guardian
|January 01, 2025
Medicamen Organics Limited (MOL) (NSE-MEDIORG) a leading manufacturer of pharmaceutical and health products, has announced a strategic partnership with Medi Hub Organic Ltd. (MHOL), a newly incorporated company in Nepal. This collaboration aims to establish a state-of-the-art pharmaceutical manufacturing facility in Nepal that will produce a broad range of pharmaceutical products.
Under the terms of the Memorandum of Understanding (MOU), MOL will invest Rs 9 Cr (NPR 14.4 Cr) in MHOL to support the construction of the manufacturing facility and meet working capital requirements. As part of the agreement, MOL will hold a 30% stake in MHOL, further reinforcing its commitment to expanding its presence and operations in the region and increase its manufacturing capacities. The new facility will be constructed to meet CGMP (Current Good Manufacturing Practices) norms and is expected to
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