Cadila snaps up Wind­las for Rs 155 cr

India Business Journal - - NEWS ROUND-UP -

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.

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