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