Piramal says looking at buy in US, Europe

Industry:    2016-04-03

Piramal says looking at buy in US, Europe

Drug maker Nicholas Piramal India Ltd. is looking at buying a drug company in Europe or the United States, its chairman Ajay Piramal said on Monday.

"We are looking towards mainly Europe and America," Piramal told Reuters in an interview on the sidelines of a World Economic Forum conference.

"This year we will grow in excess of 50 percent on the topline. We expect significant growth in bottom line," he said.

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