Marksans Pharma clarifies on news item

With reference to the news items appearing in a leading financial daily regarding the proposed acquisition by the Company of UK based OTC firm, Marksans Pharma Ltd has clarified that the Company is looking for inorganic growth opportunity in India as well as outside India. For the same, Company is in the process of dialogues and participation in the bidding processes. The Company has also appointed various Investment banking firms for the same purpose. However, so far, Company has not entered into any definitive share subscription agreement for the acquisition.