Investment4 Jul 2025, 05:11 pm
Pharmaids Pharmaceuticals to Sell Entire Partnership Stake in Anugraha Chemicals for Rs. 10,50,00,000
AI Summary
Pharmaids Pharmaceuticals Ltd. has announced its decision to sell its entire partnership stake in Anugraha Chemicals, a registered partnership firm, to Mr. Sourabh Hadimani or his nominee. The decision was made during a board meeting held on July 04, 2025, and is subject to the approval of the company's shareholders. The sale is expected to be completed within six months from the date of shareholders’ approval and will fetch a consideration of Rs. 10,50,00,000. The company aims to achieve sustainable long-term growth and strengthen its ongoing businesses through this move.
Key Highlights
- Pharmaids Pharmaceuticals to sell its entire partnership stake in Anugraha Chemicals
- Transaction is subject to shareholders' approval through postal ballot
- Expected consideration from the sale is Rs. 10,50,00,000
- Proposed buyer does not belong to the promoter/promoter group/group companies of the company
- Sale is expected to be completed within six months from the date of shareholders’ approval