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Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
21 June, 2025 11:39 IST
Cadila Healthcare divests entire stake in Bremer Pharma, Germany
Source: IRIS | 18 Apr, 2018, 10.05AM
Rating: NAN / 5 stars.
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Cadila Healthcare has divested its entire shareholding in Bremer Pharma GmbH, Germany (Bremer), a wholly owned subsidiary of the company and consequently, Bremer ceased to be a subsidiary of the company.

The company received consideration at enterprise value of Euro 22,63,431 of which share sale value is Euro 8,27,344 and loan value (extended by Zydus International-a wholly owned subsidiary of the company) is Euro 14,36,087.

The stock had underperformed the market over the past one month till Apr. 17, 2018, rising 2.87% compared with the Sensex's 3.67% rise. It underperformed the market in past one quarter, declining 10.27% as against 1.96% fall in the Sensex.

Shares of the company declined Rs 0.5, or 0.13%, to trade at Rs 387.90. The total volume of shares traded was 7,679 at the BSE (9.52 a.m., Wednesday).
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