Ajanta Pharma Sets Up Wholly Owned Subsidiary in Ireland
The objective of incorporating Ajanta Pharma Ireland Ltd. is to undertake activities related to pharmaceutical products and strengthen its presence in overseas markets.
New Delhi: Ajanta Pharma Limited has incorporated a wholly owned subsidiary in Ireland under the name Ajanta Pharma Ireland Ltd., as part of its overseas expansion strategy, the company informed stock exchanges. The subsidiary has been established to carry out the business of pharmaceutical products and will be fully owned and controlled by Ajanta Pharma.
The company disclosed that Ajanta Pharma Ireland Ltd. has been incorporated in Ireland and currently does not have any size or turnover, as it is a newly incorporated entity. The incorporation does not involve any acquisition cost, cash consideration, share swap, or any other form of payment. No governmental or regulatory approvals were required for the incorporation, and no indicative timeline for completion has been specified.
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