Subsidiary1 Oct 2026, 10:10 am
Lupin's Step-Down Subsidiary MPPI Becomes Wholly Owned
AI Summary
Lupin Ltd announced that its step-down subsidiary, Multicare Pharmaceuticals Philippines, Inc. (MPPI), has successfully completed the buyback of 30,559 shares. This transaction, effective October 1, 2026, makes MPPI a wholly owned subsidiary of Nanomi B.V. (a wholly owned subsidiary of Lupin) and consequently, a step-down wholly owned subsidiary of Lupin Ltd. This move consolidates Lupin's control over its Philippine operations.
Key Highlights
- MPPI, a subsidiary of Nanomi B.V., completed share buyback.
- MPPI is now a wholly owned subsidiary of Nanomi B.V.
- MPPI is now a step-down wholly owned subsidiary of Lupin Ltd.
- Transaction effective from October 1, 2026.
- Consolidates control over Philippine operations.
Price Impact
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