Mumbai, April 17 -- In February this year, Alkem Medtech had executed a binding offer outlining the terms and conditions with respect to the acquisition of 100% stake of Bombay Ortho Industries.

Bombay Ortho is a manufacturer and supplier of the orthopedic implants such as hip and knee implants, which are extensively used in the orthopedic field. It had recorded turnover of Rs 5.5 crore in the year ended on 31 March 2024.

The cost of this acquisition was Rs 147 crore, payable in four tranches, subject to adjustment on debt, debt like items and change in normalized working capital as on closing date.

In March 2025, Alkem Medtech and Bombay Ortho had executed a share purchase and share subscription agreement in this regard.

In an exchan...