Sun Pharma to sell 100 percent stake in Japanese arm
Written By : Ruchika Sharma
Medically Reviewed By : Dr. Kamal Kant Kohli
Published On 2025-01-01 05:30 GMT | Update On 2025-01-01 05:30 GMT
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Mumbai: Sun Pharmaceutical Industries Limited has entered into an agreement with Zaza Industrial Holdings K.K, Japan, under which Sun Pharma has agreed to sell 100% shares held in Sun Pharma Japan Technical Operations Limited, a step-down subsidiary of the Company (through its subsidiary, Sun Pharma Japan Limited).
Consequently, Sun Pharma Japan Technical Operations Limited shall cease to be a subsidiary of the Company. The expected date of completion of sale/disposal will be January 31, 2025.
Turnover of Sun Pharma Japan Technical Operations Limited is less than 0.5% of Sun Pharma’s consolidated turnover for FY 2023- 24.
"Sun Pharma Japan Technical Operations Limited operates a plant in Saitama, Japan, which manufactures products for Sun Pharma Japan Limited. As part of the sale agreement, the plant is contracted to supply products to Sun Pharma until May 2026," the Company stated in a BSE filing.
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