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Sun Pharma to buy stake in two companies for ₹1.8 bln

Sun Pharmaceutical Industries Ltd will acquire 27.4% stake in Remidio Innovative Solutions Pvt Ltd for ₹1.5 bln by the end of February, the company said via an exchange filing. It will also acquire 26.1% stake in Agatsa Software Pvt Ltd in two tranches for a total of ₹300 mln. Remidio Innovative provides innovative products to enable the early detection of eye diseases.
Remidio Innovative Solutions Pvt Ltd Agatsa Software Pvt Ltd Agatsa Software Medios Technologies Pte Ltd Sun Pharmaceutical Industries Ltd Remidio Innovation Solutions Inc

Sun Pharma acquires 26.09% stake in Agatsa Software, 27.39% in Remidio Innovative Solutions

The acquisition of Agatsa Software will be made in two tranches wherein Tranche 1 -- ₹8 crore -- would be completed in February 2023 and Tranche 2 -- up to ₹22 crore -- is expected to be completed by August 2023
Sun Pharma Sun Pharmaceutical Industries Remidio Innovative Solutions Private Remidio Innovative Solutions Private Limited Agatsa Software

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