SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Pharmaids Pharmaceuticals informs about execution of shareholders agreement

09 Jan 2024 Evaluate

In furtherance to the intimation given by the Company on 22nd September, 2023 with respect to making any investments or acquisition by way of subscription, purchase or otherwise, the securities of other body corporates by the company up to 40,00,00,000 over and above the limits available under Section 186 of the Companies Act, 2013. Pharmaids Pharmaceuticals has informed that the Board of Directors at their meeting held on January 06, 2024 have approved purchase of up to 36,75,959 Equity Shares of Adita Bio Sys (Target Company). The Board has also approved the execution of definitive agreements to give effect to the above acquisition. With the said acquisition the Company aims to acquire majority stake in the Target Company through share swap. The details as required under Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are given in Annexure – A to this letter.

The above information is a part of company’s filings submitted to BSE.

Pharmaids Pharma Share Price

31.00 0.08 (0.26%)
21-Apr-2026 09:55 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1673.00
Dr. Reddys Lab 1224.00
Cipla 1231.40
Zydus Lifesciences 931.00
Lupin 2326.00
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×