Brabourne Enterprises Ltd the demerged arm of RPG life was incorporated on May 12, 1967. The entire pharmaceuticals business of the Company has been sold to RPG Life Sciences Ltd. (formerly RPG Pharmaceuticals Ltd.) with effect from April 2, 2007 on going concern basis along with all assets and liabilities pertaining to the said business, at consideration of Rs. 46 crore. Thus, the results and revenue of the pharmaceutical business from April 2, 2007 has become revenue and results of RPG Pharmaceuticals Ltd. The unaudited financial results of the company for 9 months ended December 31, 2007, which pertains to the pharmaceutical business. The Group operates in two segments, namely, Pharmaceuticals and Investments and lending.
The entire Investments held by the company (excluding US 64 bonds) stands sold to Instant Holdings Ltd effective from April 1, 2007, at a consideration of Rs 53 crore. Instant Trading and Investment Company Ltd is a wholly owned subsidiary of RPG Life Sciences Ltd. RPG Pharmaceuticals Ltd and Instant Holdings Ltd were incorporated on March 29, 2007 to participate in the Scheme of Arrangement.
The assets and liabilities of the Instant Trading and Investment Company Ltd were transferred to Instant Holdings Ltd and Instant Trading and Investment Company Ltd stands dissolved without winding up. Then only the company changed its name to ‘Brabourne Enterprises Ltd’ and RPG Pharmaceuticals Ltd changed its name to ‘RPG Life Sciences Ltd’.
The plants of Brabourne Enterprises are located at Gujarat and Maharashtra.
Business area of the company:
The Company is engaged in manufacture of active pharmaceutical ingredients, both synthetic and fermentation, contract API and formulation development business with a niche product portfolio, both in chronic and acute therapy areas.