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Cadila Healthcare sells its German subsidiary

Press Trust of India  |  New Delhi 

Drug firm today said it has divested its entire shareholding in German subsidiary to Alivira Animal Health Limited,

"The Company has divested its entire shareholding in Bremer Pharma GmbH, (Bremer), Wholly Owned Subsidiary of the Company," the company informed BSE.

Consequently, Bremer ceased to be a subsidiary of the company, it added.

This was done on an enterprise value of Euro 22,63,431 on which share sale value is Euro 8,27,344.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 17 2018. 22:50 IST