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Zydus Cadila to sell one of its animal health business for Rs 2,921 cr


Zydus Cadila to sell one of its animal health business for Rs 2,921 cr
File photo
Zydus Cadila said on Wednesday it has signed agreements to sell one of its animal health business companies to Multiples Alternate Asset Management led consortium for Rs 2,921 crore. The consortium includes Canada Pension Plan Investment Board and RARE Enterprises. The slump sale transaction is expected to be complete within 90 days.
Buyers of Cadila’s Animal health Business include: Canada Pension Plan Investment Board & Rakesh Jhunjhunwala’s RARE Enterprises. It’s been acquired through an SPV (Zenex Animal Health) pic.twitter.com/1LaZttOZza CNBC-TV18 (@CNBCTV18Live) May 12, 2021 ....

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Zydus Cadila to sell one animal health business for Rs 2,921 crore


Zydus Cadila to sell one animal health business for Rs 2,921 crore
ANI |
Updated: May 12, 2021 12:27 IST
Ahmedabad (Gujarat) [India], May 12 (ANI): Pharmaceutical major Zydus Cadila said on Wednesday it has signed agreements to sell one of its animal health business companies to Multiples Alternate Asset Management led consortium for Rs 2,921 crore.
The consortium includes Canada Pension Plan Investment Board and RARE Enterprises. The slump sale transaction is expected to be complete within 90 days.
Zydus Animal Health and Investments Ltd (ZAHL) has leadership position across a wide spectrum of therapeutic and nutritional products for livestock and poultry animal segments. It employs 700 people and has one manufacturing facility in Haridwar. ....

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Wonderla Holidays temporarily suspends its food service


Wonderla Holidays temporarily suspends its food service
ANI |
Updated: Mar 17, 2021 17:57 IST
Bengaluru (Karnataka) [India], March 17 (ANI): Wonderla Holidays Ltd said on Wednesday the services of its food takeaway and home delivery initiative are temporarily suspended.
We are in the process to upgrade Wonder Kitchen making the service the best of its kind. The temporary break will be used for research and adopting appropriate measures for comeback, said Managing Director Arun Chittilapilly.
Wonderla announced its foray into food takeaway and home delivery decision in June 2020 with launch of the first Wonder Kitchen outlet at Kengeri, Bengaluru followed by outlets in other cities. ....

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