ABCD Technologies buys 66 percent stake in AWACS
Advertisement
New Delhi: ABCD Technologies has, through its wholly-owned entity DigiHealth Technologies, acquired 66.02 per cent ownership interest in market research firm AIOCD Pharmasofttech Awacs, several pharma firms said in regulatory filings on Wednesday.
"Our investee entity i.e. ABCD Technologies LLP (to be renamed as IndoHealth Services LLP) has through its wholly-owned entity DigiHealth Technologies LLP, acquired 66.02 percent ownership interest in AIOCD Pharmasofttech Awacs Private Ltd (AWACS)", various pharma firms, including Cipla, Torrent Pharma, Dr Reddy's and Cadila Healthcare, said in regulatory filings.
The remaining 0.54 per cent of the shareholding in AWACS (indirect) is likely to be acquired after 5 years, they added.
"The cost of acquisition for the combined transaction of AWACS and Trikaal is about Rs 75 crore for acquisition of a 100 per cent stake in AWACS and Trikaal (direct and indirect together)," the filings said.
Our comments section is governed by our Comments Policy . By posting comments at Medical Dialogues you automatically agree with our Comments Policy , Terms And Conditions and Privacy Policy .
Disclaimer: This website is primarily for healthcare professionals. The content here does not replace medical advice and should not be used as medical, diagnostic, endorsement, treatment, or prescription advice. Medical science evolves rapidly, and we strive to keep our information current. If you find any discrepancies, please contact us at corrections@medicaldialogues.in. Read our Correction Policy here. Nothing here should be used as a substitute for medical advice, diagnosis, or treatment. We do not endorse any healthcare advice that contradicts a physician's guidance. Use of this site is subject to our Terms of Use, Privacy Policy, and Advertisement Policy. For more details, read our Full Disclaimer here.
NOTE: Join us in combating medical misinformation. If you encounter a questionable health, medical, or medical education claim, email us at factcheck@medicaldialogues.in for evaluation.