Bajaj Healthcare has agreed to acquire stressed Assets from Saraswat Cooperative Bank comprising of Land, Building, Plant & Machineries and other assets subject to completion of closing conditions, by way of cash consideration of Rs 61 crore subject to closing adjustments. Transaction is expected to close by October 2020.
Bajaj Healthcare mainly focuses on development, manufacturing and supply of Amino Acids, Nutritional Supplements and Active Pharmaceutical Ingredients (API) for Pharmaceutical, Nutraceuticals and Food industries.
