Zydus Life to buy enterprise undertakings of Watson Pharma for Rs. Forty six.Eight cr

Zydus Life to buy enterprise undertakings of Watson Pharma for Rs. Forty six.Eight cr

by admin- Tuesday, November 29th, 2022 03:19:25 PM

Zydus Lifesciences has entered into a Business Transfer Agreement (BTA) for buy of one of the Business Undertakings of Watson Pharma Pvt Ltd on a going problem foundation by way of way of stoop sale, without values being assigned to individual belongings and liabilities, on cash-unfastened and debt-free basis at a lump-sum consideration of Rs. 46.77 crores, issue to positive remaining date changes as supplied within the BTA entered into among the Company and Watson, with effect from such date, and in such way and at the phrases and situations as cited in the BTA.

Business Undertaking of Watson is engaged in the enterprise of growing, manufacturing, advertising and marketing and sale of Active Pharmaceutical Ingredients (APIs).

News Updates