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Zydus Lifesciences acquires 6.5% stake in Mylab Discovery Solutions

18 Sep 2023 Evaluate

Zydus Lifesciences has completed the acquisition of 65,06,500 equity shares of Re 1 each representing 6.5% of the total paid-up share capital of Mylab Discovery Solutions on September 18, 2023. The said acquisition in Mylab will help the company to participate in growing diagnostics space which is expected to witness increased penetration through in-clinic solutions with Point of Care Testing (POCT) devices.

Zydus Lifesciences (formerly known as Cadila Healthcare) is an India-based pharmaceutical company.

Peers
Company Name CMP
Sun Pharma. Inds. 1745.00
Dr. Reddys Labs. 1242.00
Cipla 1331.00
Lupin 1953.75
Zydus Lifesciences 1113.00
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