Thursday , 18 July 2019
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Eris Lifesciences to acquire full ownership in KINEDEX

Eris Lifesciences to acquire full ownership in KINEDEX

Mumbai : Eris Lifesciences has executed a share purchase agreement with Rajesh Dhuria (one of the founders & promoters of KINEDEX) with the intent to have full ownership and control of the said subsidiary (KINEDEX) and to make KINEDEX a wholly-owned subsidiary i.e. by way of purchase of 32,507 equity shares of face value of Rs 10 each (equivalent to around 17.81%).

Prior to this transaction, the Company held around 82.19% shareholding in KINEDEX. Post completion of this transaction, the total holding of the Company shall stand at 100%. Eris Lifesciences is engaged in manufacturing, marketing and selling of branded generics within the chronic and acute categories of the Indian Pharmaceutical Market.



Eris Lifesciences to acquire full ownership in KINEDEX appeared first on Udaipur News | Udaipur Latest News | udaipur local news.

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