Acquisitions6 Jan 2024, 01:35 am
Strides Pharma Science Limited Acquires Additional Stake in Neviton Softech Private Limited
AI Summary
Strides Pharma Science Limited, a wholly-owned subsidiary of the Company, has acquired additional stake in Neviton Softech Private Limited, an Associate Company of Strides Group. The acquisition is complementary to Arco Lab's business objectives and will enable the company to offer better knowledge-based and IT services, ensuring higher scale, scope, and significant cash savings, and enable better internal group-wise digitization process.,
Key Highlights
- Strides Pharma Science Limited acquires additional stake in Neviton Softech Private Limited
- Arco Lab Private Limited, a wholly-owned subsidiary of Strides, acquires stake in Neviton Softech
- The acquisition is complementary to Arco Lab's business objectives
- Neviton Softech is in the business of providing IoT and engineering solutions
- The financial summary of Neviton during FY23 is provided