Emcure stake buy: Pharma firm to acquire 20.42% in Zuventus for Rs 724.9 crore; full ownership to aid consolidation

Emcure Pharmaceuticals on Saturday said it will acquire the remaining 20.42% stake in its subsidiary Zuventus Healthcare Ltd from minority shareholders for Rs 724.9 crore, making it a wholly owned unit.

The company’s board has approved entering into an agreement with the minority shareholders of Zuventus Healthcare for the acquisition , Emcure said in a regulatory filing, PTI reported.

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