Sequent Scientific’s subsidiary -- Evance Saude Animal Health Ltda (Evance), Brazil has entered into a definitive agreement for acquisition of 100% stake in Nourrie Saude e Nutricao Animal Ltda (Nourrie).
The acquisition will be made through Evance, subsidiary of Alivira Brazil, for a cash consideration of BRL 27 Million, and is expected to close in Q4 FY22. The object of the said acquisition is to enhance Alivira’s presence in Brazil and entry into pet market--fastest growing segment in Brazil, 4th largest in the world.
Sequent Scientific is an integrated pharmaceutical company with a global footprint headquartered in Bangalore, India which has presence in different pharmaceutical verticals including APIs, Animal Health, Analytical Services, CRAMS and specialty chemicals. Sequent is the world's largest producer of Anthelmintics and by far the strongest player in the Veterinary API business.
| Company Name | CMP |
|---|---|
| Sun Pharma Inds. | 1675.20 |
| Dr. Reddys Lab | 1235.40 |
| Cipla | 1238.30 |
| Zydus Lifesciences | 942.55 |
| Lupin | 2324.25 |
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