Multiples, CPPIB and Jhunjhunwala’s RARE to buy Cadila’s Animal Health biz for Rs 2921 crores
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Multiples, CPPIB and Jhunjhunwala’s RARE to buy Cadila’s Animal Health biz for Rs 2921 croresET Bureau
Last Updated: May 12, 2021, 12:06 PM IST
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Synopsis
The consortium, through an SPV controlled by them, has signed a definitive agreement to acquire Animal Healthcare Established Markets Undertaking focused on India and certain other countries, the company said in a statement.
Zydus AH is the second largest and one of the fastest growing animal health businesses in India.
The consortium, through an SPV controlled by them, has signed a definitive agreement to acquire Animal Healthcare Established Markets Undertaking focused on India and certain other countries, the company said in a statement.
Read more about Benchmarks trade lower; breadth remains positive on Business Standard. The domestic equity indices continued trading with modest losses in afternoon trade. The Nifty hovered above 14,750 mark.
Uniindia: Mumbai, May 12 (UNI) Zydus Animal Health and Investments Limited (ZAHL), a wholly owned material subsidiary of Cadila Healthcare Limited, has entered into a Business Transfer Agreement (BTA) and other Ancillary Agreements (Definitive Agreements) to sell and transfer its Animal Healthcare Established Markets Undertaking to Multiples Alternate Asset Management led consortium.
Equity platform Multiples-led consortium buys Zydus Animal Health biz for Rs 2921 Cr
Equity platform Multiples-led consortium buys Zydus Animal Health biz for Rs 2921 Cr
12 May 2021 | News Multiples, along with its consortium partners, will acquire 100% business of Zydus AH through a slump sale transaction
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Private equity platform Multiples Alternate Asset Management (Multiples) led consortium, through an SPV controlled by them, have signed a Business Transfer Agreement (BTA) and other Ancillary Agreements to acquire Animal Healthcare Established Markets Undertaking (Zydus AH).
The consortium including Multiples, Canada Pension Plan Investment Board (CPP Investments) and RARE Enterprises, is buying the animal health business of Zydus AH focused on India and certain other countries on a going concern basis via a slump sale from Zydus Animal Health and Investments Limited (ZAHL), a wholly owned subsidiary of Cadila Healthcare.