Other Private Equity/Strategic Investments
Zydus Lifesciences buys 6.5% stake in biotech co Mylab for Rs.106-Cr
Ahmedabad-based, publicly listed Zydus Lifesciences has bought a 6.5% stake in Lonavla, Maharashtra headquartered biotech firm Mylab Discovery Solutions - from Rising Sun Holdings Pvt Ltd, an investment company owned by Adar Poonawalla - for INR 106 crore. Mylab develops and commercializes tests used in human diagnostics, food safety, agriculture, and veterinary medicine, empowering labs to obtain reliable, and actionable results. It reported a turnover of INR 95 crore for FY23, down from the INR 260 crore in FY22
Want to receive such news items in your inbox? Click Here to sign up for a trial.
