Zydys acquires Sarabhai Zydus Animal Health ltd

By Staff
|
Google Oneindia News

Mumbai, May 14: Healthcare major Cadila Healthcare Ltd has enteredinto a share purchase agreement with Ambalal Sarabhai Enterprises toacquire the remaining 50 per cent holding in the joint venture Company,Sarabhai Zydus Animal Health Ltd.

The acquisition will make Cadila a 100 per cent subsidiary Companyof the group, the company made an announcement to this effect on theBombay Stock Exchange (BSE) today.

Sarabhai Zydus Animal Health Ltd, formed in the year 2000, isamongst the leading animal healthcare Companies in India. The Companymarkets a wide range of therapies and has a strong presence in thelivestock, poultry and companion animal business. The Company has acountrywide marketing network, with 250 employees. The Company posted aturnover of Rs 88.87 crores in 2006-07, also has alliances with Abic, aTeva group Company and Lillydale of UK Sarabhai Zydus Animal Health Ltd.


UNI

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