Sun Pharma sells one of its plants in the US

Drug maker Sun Pharma Industries Ltd on Monday said it is selling off one of its plants in the US for an undisclosed sum.

In a statement, Sun Pharma said as a part of its manufacturing consolidation in the US, one of its wholly-owned subsidiaries has entered into an agreement with Nostrum Laboratories Inc. (Nostrum) for the divestment of the Bryan (Ohio) unit.

"As a part of the agreement, the Sun Pharma subsidiary has divested this unit as a going concern along with the employees and related products to Nostrum," the statement said.