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RPG Life Sciences' wholly owned subsidiary, RPG Active Pharma Limited (RPGAP), has completed the acquisition

ICICIdirect Research 25 Sep 2026 DISCLAIMER

News: RPG Life Sciences' wholly owned subsidiary, RPG Active Pharma Limited (RPGAP), has completed the acquisition of the entire stake in Actis Generics Private Limited, an API company. The transaction, executed under the Share Purchase Agreement signed earlier, was completed on September 24, 2026. Following completion, Actis has become a subsidiary of RPG Life Sciences and a wholly owned subsidiary of RPGAP.

View: The combined API business (RPG base API business + Actis + Raghava Lifesciences) is poised for major upheaval in the coming months. RPG’s base API unit at Navi Mumbai is back to the pre-fire incidence level, with refurbishment and adjustments. At Actis, which witnessed price erosion in one product, the plan is to replace the same with a new product. Over the long term, management aspires to scale API revenues to ~₹1,000 crore. We believe these initiatives position APIs as a key medium-term growth driver, with a potential for further value unlocking. The development signifies management’s equal focus on API business, in line with the domestic formulations. We expect some more deals in the API space in the near future.

Impact: Positive

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