Jeevan Scientific Technology Ltd Approves Rs. 710.00 Crores Towards Acquisition of Naya Pharma Private Limited

Jeevan Scientific Technology Ltd, a company based in Hyderabad, India, has approved the issue and allotment of convertible warrants and equity shares to promoters and non-promoters. Out of the proceeds raised from the said issue, the company will utilize an amount of 710.00 Crores towards the acquisition of Naya Pharma Private Limited. The acquisition is part of the company's diversification and expansion strategy in the pharma sector. The acquisition will be completed in different trenches from time to time, with Rs. 10.00 Crores being utilized towards the acquisition of Naya Pharma Private Ltd. The company was incorporated on 19/08/2020 and its current paid-up capital is Rs. 3,66,70,330 divided into 36,67,033 equity shares Rs. 10/- each. The objects of the company include Manufacture, producers, buyers, sellers, importers, exporters, traders, dealers, wholesalers and retailers in Active Pharmaceutical Ingredients (bulk drugs), Drug Intermediates, Organic & In Organic chemicals, Fine Chemicals, Dye Pigments in India and /or abroad.