Sun Pharma to acquire nearly 38% stake in Ezerx Health Tech for Rs 28.69 cr
Summary
Pharmaceutical giant Sun Pharma on October 5 said that it will acquire approximately 37.76 percent stake in Ezerx Health Tech for Rs 28.69 crore. Additionally, the firm will also acquire an additional 4 percent stake in Agatsa Software Private Limited for Rs 4.5 crore, taking up its stake in the company to 30.13 percent post-closing of all the tranche, Sun Pharma said in a regulatory filing. Agatsa is engaged in research, development and commercialisation of non-invasive medical devices in the diagnostic health segment by leveraging technology and R&D capabilities. Meanwhile, shares of Sun Pharma on October 5 closed 0.29 percent higher at Rs 1,125 apiece on BSE. Sun Pharma had on August 3 reported a 1.9 percent year-on-year (YoY) fall in its consolidated net profit at Rs 2,022.5 crore for the April-June quarter.
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