Deals20 Dec 2025, 05:31 pm
Nectar Lifesciences Ltd. to Sell Empty Hard Gelatin Capsule Unit for INR 19,90,00,000
AI Summary
Nectar Lifesciences Limited (Nec Life) has entered into a Business Transfer Agreement (BTA) with Capnest Health Care Private Limited to sell its business of manufacture, distribution, and marketing of Empty Hard Gelatin Capsule unit in Himachal Pradesh, India. The transaction is expected to be completed by April 30, 2026, or as agreed upon in the BTA. The consideration for the sale is INR 19,90,00,000, along with the takeover of Accounts Receivables and payables/ creditors by the Purchaser.
Key Highlights
- Nectar Lifesciences Ltd. to sell its business of Empty Hard Gelatin Capsule unit for INR 19,90,00,000
- Transaction to be completed by April 30, 2026, or as agreed upon in the BTA
- Capnest Health Care Private Limited is the purchaser of the business
- Accounts Receivables and payables/ creditors to be taken over by the Purchaser
- The sale is a slump sale on a going concern basis