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.