Parenteral Drugs India has received an approval for disinvestment of equity shares held by the company in its non-operational subsidiary companies. The board of directors at their meeting held on December 30, 2015 has approved for the same.
The company has received approval for disinvestment of equity shares held in Parentech Healthcare and Parenteral Surgicals as the same are loss making companies, and accorded its in-principle approval to declare the non-working subsidiaries of the company - Abhay Drugs, Anjaney Pharmaceuticals, Parenteral Biotech and Parenteral Impex as defunct company as there is no business in these subsidiary companies.
Parenteral Drugs (India) (PDIL) is a manufacturer of Intravenous Fluid (IVF), one of the basic pharmaceutical compounds.
