Lupin has entered into a definitive agreement to sell its entire stake in Japanese subsidiary Kyowa Pharmaceutical Industry Co. to Plutus Ltd for an enterprise value of 57.36 billion yen, or ₹3,702 crore. The Mumbai-based drugmaker will get 32.6 billion yen, or ₹2,104 crore, in cash from the sale of a 99.82% stake in the subsidiary to Plutus, an entity affiliated to Unison Capital, a Japan-based private equity firm, the company said in a filing with the exchanges.
— Mint
AZB & Partners advised
2019-11-11
Deal value: Rs 2,104 crore
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