Cadila snaps up Windlas for Rs 155 cr
Cadila Healthcare (Zydus Cadila) has acquired a 51 per cent stake in Dehradun-based Windlas Healthcare for Rs 155.55 crore. The acquisition, all in cash, will be completed by the end of September 2018. Windlas Healthcare has a robust manufacturing infrastructure with USFDA-inspected oral solids manufacturing facility. It has also developed four first-to-file ANDAs in the last two years. The transaction provides Cadila with an opportunity to ramp up its operations and expand its product basket. Windlas Healthcare's cost-efficient manufacturing infrastructure and technical competence to develop a competitive product pipeline will be a great asset for Cadila.