RPG Life Sciences Limited (NSEI:RPGLIFE) is looking for acquisitions. Yugal Kishor Sikri, Managing Director said, "Now we are looking at the acquisitions, and you rightly mentioned the market is crazy. There are crazy valuations.

And we are also -- I can only tell you that we have created our framework, what kind of molecules, what are kind of therapies, what kind of [indiscernible] these products which we are going to acquire, which I likely to acquire should have all that diligence is going on. We have actually just to share with you our 23 proposals reviewed in the last 1, 1.5, 2 years. And we also submitted nonbinding bid, but the market is a bit crazy.

We don't want to do any acquisition unless it makes sense, value accretive, but we are hopeful. We have also added into our M&A list of APIs as well. Earlier, we were looking only in formulation, including API because I think that space is also presenting very good opportunities.

So that's where our net cash is being planned to be utilized".