Claris Lifesciences has informed that the Board of Directors of the Company have approved the sale and transfer of the equity shares of Otsuka Pharmaceutical India (formerly known as Claris Otsuka) held by Claris Lifesciences Limited (CLL) to Otsuka Pharmaceutical Factory, Inc for a consideration of $20 million in its meeting held on May 8, 2017.
The above information is a part of company’s filings submitted to BSE.