Zydus Lifesciences Limited has finalized a major corporate transaction involving the acquisition of a 50% equity stake in Sterling Biotech Limited. This move is part of Zydus Lifesciences' strategic expansion plans and was successfully concluded on August 29, 2024, at 11:55 p.m..

Transaction Details:

The acquisition was executed through Zydus Animal Health and Investments Limited, a wholly owned subsidiary of Zydus Lifesciences Limited. The deal involved purchasing a 50% equity stake from Perfect Day Inc., marking a significant milestone in Zydus Lifesciences' growth trajectory. The transaction reflects the company's ongoing efforts to bolster its presence and operational capacity in the pharmaceutical and healthcare sectors.

Regulatory Compliance:

The completion of this acquisition was communicated in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2013. This update follows the earlier disclosure made on August 23, 2024, and adheres to the guidelines set forth in the SEBI Circular dated July 13, 2023. This ensures transparency and provides investors and stakeholders with timely and relevant information.

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Impact of the Acquisition:

The acquisition of this significant equity stake in Sterling Biotech Limited enhances Zydus Lifesciences Limited’s portfolio and strengthens its market position. By integrating Sterling Biotech's assets and operations, Zydus Lifesciences aims to leverage new opportunities for growth and innovation within the pharmaceutical industry.

Investor Communication:

We request that this important update be communicated to the members of the exchange and investors to ensure they are aware of the latest developments. The completion of this transaction marks a pivotal moment for Zydus Lifesciences and underscores the company's commitment to expanding its business footprint and operational capabilities.

Conclusion:

The successful closure of this acquisition demonstrates Zydus Lifesciences Limited's strategic vision and its proactive approach to scaling its business operations. This transaction is expected to contribute positively to the company's overall growth and performance in the coming years.

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