M&A M&A
Undone: Zydus sells stake in diagnostic co. Mylab back to Poonawala Family Office
Source Business line (opens in a new tab)BSE (opens in a new tab)
Publicly-listed Zydus Animal Health & Investments Ltd (ZAHL) is to sell the 6.5% stake it had acquired (in June 2023) in Pune-based diagnostics company Mylab Discovery back to Poonawalla Family Office (via its unit Rising Sun Holdings). The sale, for which Zydus is exercising its put option, will be at the original consideration price of INR 106 crore.