Mumbai, Aug.16 (ANI-Businesswire India): Piramal Enterprises Limited announced today that its wholly owned subsidiary in the US has entered into an agreement to acquire 100% stake in Ash Stevens Inc., a US based Contract Development and Manufacturing Organization (CDMO), in an all cash deal for a consideration of USD 42.95 million plus an earn-out consideration capped at $10 million. This potential transaction is expected to be completed by the end of August.

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