Eupharma Laboratories Limited, the manufacturers & exporters of bulk drugs and pharmaceuticals, has informed the Bombay Stock Exchange that a consortium of banks has seized their assets in the western suburbs of Mumbai under the Securitisation Act.
The property of Vile Parle, which was hypothecated to SBI, Indus Ind Bank and Oman International Bank Saog, has been seized and the consortium has taken possession on June 4, 2003.