M&A

M&A

Sun Pharma sells off Japanese unit

Business Line  

Drugmaker Sun Pharmaceutical Industries has inked an agreement with Zaza Industrial Holdings KK (Japan) to sell 100% shares in its step-down subsidiary Sun Pharma Japan Technical Operations Ltd.The turnover of Sun Pharma Japan Technical Operations is less than 0.5% of Sun Pharma’s consolidated turnover for FY 2023-24. The subsidiary operates a plant in Saitama (Japan) which manufactures products for Sun Pharma Japan Ltd.