SUDARSHAN PHARMA INDUSTRIES LTD

Acquisition Details

Company Acquisition:

  • Proposal to acquire 9.50% equity shares of common stock of Med Therapy Biotechnology Inc., USA
  • Status: Under due diligence process
  • Pending: Confirmation from Med Therapy Board of Directors decision
  • Pending: Board of Directors resolution from Med Therapy
  • Current status: Proposal intimated only, with updates to follow

Promoter Acquisitions:

  • Mr. Hemal Mehta (Chairman & Managing Director) proposing to acquire 1.50% equity shares
  • Mr. Sachin Mehta (Joint Managing Director) proposing to acquire 1.50% equity shares
  • Both promoters are promoters of Sudarshan Pharma Industries Limited
  • Status: Under due diligence process
  • Pending: Confirmation from Med Therapy Board of Directors decision
  • Pending: Board of Directors resolution from Med Therapy
  • Current status: Proposal intimated only, with updates to follow

Financial Impact

Financial impact not quantified in the disclosure. The acquisition proposals remain subject to due diligence and board approvals.