Acquisition History / Zydus Lifesciences Ltd / Sterling Biotech Ltd - fermentation API business and Masa plant
Zydus Lifesciences Ltd Acquires Sterling Biotech Ltd - fermentation API business and Masa plant
Announced September 17, 2024 — $9.5M
What happened
Zydus Lifesciences exercised a pre-agreed right to buy the 'Target Business' of Sterling Biotech - its fermentation-based active pharmaceutical ingredients operations and the production facility at Masa, Gujarat - for Rs 84 crore under a business transfer agreement. Zydus had bought a 50% stake in Sterling Biotech a month earlier, negotiating this call option at a pre-defined value.
- Acquirer
- Zydus Lifesciences Ltd
- Target
- Sterling Biotech Ltd - fermentation API business and Masa plant
- Announced
- September 17, 2024
- Price
- $9.5M
- Industry
- Active pharmaceutical ingredients
- Buyer type
- Strategic acquirer
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Zydus Lifesciences Ltd acquire Sterling Biotech Ltd - fermentation API business and Masa plant?
Zydus Lifesciences Ltd acquired Sterling Biotech Ltd - fermentation API business and Masa plant on September 17, 2024. This was Zydus Lifesciences Ltd's 1st publicly tracked acquisition out of 3 we have on record.
How much did Zydus Lifesciences Ltd pay for Sterling Biotech Ltd - fermentation API business and Masa plant?
Zydus Lifesciences Ltd paid $9.5M for Sterling Biotech Ltd - fermentation API business and Masa plant.
What does Sterling Biotech Ltd - fermentation API business and Masa plant do?
Zydus Lifesciences exercised a pre-agreed right to buy the 'Target Business' of Sterling Biotech - its fermentation-based active pharmaceutical ingredients operations and the production facility at Masa, Gujarat - for Rs 84 crore under a business transfer agreement. Zydus had bought a 50% stake in Sterling Biotech a month earlier, negotiating this call option at a pre-defined value.
What other Active pharmaceutical ingredients companies has Zydus Lifesciences Ltd acquired?
Sterling Biotech Ltd - fermentation API business and Masa plant is Zydus Lifesciences Ltd's only publicly tracked acquisition in Active pharmaceutical ingredients so far.
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