Its a good development for GLS. Management was talking about 3-4 CDMO deals since last 2-3 quarters and its good to see they are getting the traction now. CDMO revenue is very small (7-8%) currently but they plan to take it to around 15% in next 3-4 years. In last quarter they said they plan to do more with new management than what they are doing currently. We should get more updates on the ownership change during the Q3FY24 concall on 24th Jan.
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