The board of directors of the company today "considered and approved the disinvestment of equity shares held by the company in its non-operational subsidiary companies i.E. Parentech Healthcare Ltd and Parenteral Surgicals Ltd as the same are loss making companies", Parenteral Drugs India said in a filing to BSE.
The board has also accorded approval to declare the non-working subsidiaries of the company -- Abhay Drugs Ltd, Anjaney Pharmaceuticals Ltd, Parenteral Biotech Ltd and Parenteral Impex Ltd as 'defunct company' as there is no business in them, it added.