Cadila Healthcare has acquired 15% equity share capital of Zydus Technologies (ZTL), a subsidiary company in which the company is already holding 85% equity share capital. Pursuant to the same, ZTL has become a wholly owned subsidiary company.
Further, the company has also acquired 15% common stock of Zydus Noveltech Inc., USA (ZNI), a subsidiary company in which the company is already holding 35% common stock. In view of the same, both ZTL and ZNI will become wholly owned subsidiary companies of the company.
Cadila Healthcare is an India-based pharmaceutical company. The company's subsidiaries include Zydus Wellness, Liva Pharmaceuticals, Biochem Pharmaceutical Industries, Zydus Technologies, German Remedies, Dialforhealth India, Dialforhealth Unity and Dialforhealth Greencross, among others.
