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Hyderabad, Jan. 25 Matrix Laboratories Ltd has completed the acquisition of residual share of the promoter of MChem Group of companies, China.

Through its subsidiary the Hyderabad-based company had earlier executed definitive agreements with the erstwhile promoter of MChem group of companies in this regard. With the purchase of the residual stake, the effective holding of Matrix in MChem group of companies stands at 97 per cent.

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