Plethico Pharmaceuticals has decided to acquire 20% stake in a CIS retail pharmacy chain for $20 million. In an all-cash deal, Plethico will acquire 20% stake in a subsidiary of Hong Kong-based Tricon Holdings, the company said in a release to the BSE on Friday, without disclosing the name of the target firm. The acquisition is expected to add Rs 100 crore to Plethico’s topline in the first year. On the other hand, Tricon will get access to over 1,000 products from Plethico and its subsidiary, Natrol. The deal is expected to be completed by next month. […]