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05-12-2021 05:20 PM | Source: Angel Broking Ltd

Update on Cadila Healthcare By Mr. Yash Gupta, Angel Broking Ltd

News By Tags | #5948 #494 #607 #6174

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Below are Quote on Update on Cadila Healthcare by Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd

Zydus Animal Health and Investments Limited a wholly owned subsidiary of Cadila Healthcare Limited, has entered into a Business Transfer Agreement and other Ancillary Agreements to sell and transfer its Animal Healthcare Established Markets Undertaking to Multiples Alternate Asset Management led consortium. Zydus AH is the animal health business of ZAHL focused on India and certain other countries. The consortium, including Canada Pension Plan Investment Board and RARE Enterprises has agreed to purchase the Undertaking through an SPV controlled by them, in the name of Zenex Animal Health India Private Limited.

The deal is to sell one of the two business undertakings of ZAHL, called Animal Healthcare Established Markets Undertaking on a slump sale basis as a going concern, for a lump sum consideration of Rs. 2921 crores on a cash free and debt free basis, subject to certain closing date adjustments and other conditions.

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