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Sanofi India Ltd.

BSE: 500674 Sector: Health care
NSE: SANOFI ISIN Code: INE058A01010
BSE 16:01 | 18 Oct 6100.40 45.10
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NSE 15:59 | 18 Oct 5996.25 -56.55
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Announcement under Regulation 30 (LODR)-Meeting Updates

September 11, 2019, 8:57 am | Source: BSE

Slump Sale and transfer of the manufacturing facility of the Company at Ankleshwar Gujarat.

The Board of Directors of Sanofi India Limited (the Company) at its meeting held on 10th September 2019 approved a transaction for the slump sale and transfer of the manufacturing facility of the Company at Ankleshwar Gujarat to Zentiva Private Limited for a consideration of Rs. 2617 million subject to customary working capital adjustments. This transaction is subject to approval of the members which will be initiated by the Company through a postal ballot process and few other conditions as defined under the Business Transfer Agreement.