Piramal Pharma Sells Idle Unit

  Published 1 year ago

Piramal Pharma to sell its decommissioned Thane unit to Global Pharma for ₹8.5 crore; deal expected in 90 days.

  • A sale involves an unused unit contributing nothing to turnover or net worth in the last financial year.
  • Transaction structured via sale deed and definitive agreements; no operational impact expected post-sale.
  • Sale is part of routine asset optimization as the company focuses on core operations and efficiency improvements.

You might like these

Global Science Race: US Funding Cuts Spur Talent Grab

India Sep PMI: Strong Growth, Cooling

Sensex Slips 263 pts; Pharma, IT Drag

L&T Q2 Profit Surges 14% YoY

RailTel Bags 8.4 Gbps CCL Order

Swiggy Shares Slide on Wider Losses

Contract Terms & Non-Related Party Disclosure

News that matters the most ⚡