Cadila to sell Indian animal health business to Multiples PE-led consortium for $396m

Cadila to sell Indian animal health business to Multiples PE-led consortium for $396m

Photo: Monika Kubala / Unsplash.com

Zydus Animal Health and Investments Ltd (ZAHL), a wholly-owned subsidiary of Cadila Healthcare Ltd, has entered into an agreement to sell its Animal Healthcare Established Markets Undertaking (Zydus AH) to a consortium led by private equity firm Multiples Alternate Asset Management for Rs2,921 crore.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter