Divestment18 May 2026, 08:21 pm
Indoco Remedies Completes Ophthalmic Division Transfer to Sunways
AI Summary
Indoco Remedies Ltd. has completed the transfer of its Ophthalmic Division to Sunways (India) Private Limited as a going concern on a slump sale basis. This transfer, effective May 18, 2026, follows the Agreement to Transfer Business (ATB) and fulfills all conditions precedent. The Ophthalmic Division includes operations in India, Benin, Burkina Faso, Ivory Coast, Mali, Niger, Mauritania, Senegal, Cameroon, Congo, Gabon, Kenya, Botswana, Tanzania, Zambia, Zimbabwe, and Namibia.
Key Highlights
- Indoco Remedies completes transfer of Ophthalmic Division to Sunways (India).
- The transfer was executed as a going concern on a slump sale basis.
- The deal covers territories including India and several African countries.
- The completion follows the approved Agreement to Transfer Business (ATB).
- All conditions precedent for the transfer have been fulfilled.
Price Impact
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