Sun Pharmaceutical Industries Limited has incorporated a new indirect wholly owned subsidiary named "Sun Pharma Global Treasury Centre IFSC Limited" on 08 September 2026. The subsidiary is registered in the International Financial Services Centre at GIFT City, Gandhinagar, Gujarat, India.
Key Details of the Subsidiary
- Name: Sun Pharma Global Treasury Centre IFSC Limited
- Ownership Structure: Indirect wholly owned subsidiary of Sun Pharmaceutical Industries Limited, held through Sun Pharma Laboratories Limited including its nominee shareholders
- Location: GIFT City IFSC, Gandhinagar, Gujarat, India
- Industry: Financial services, including global treasury and cash management services
- Operational Status: Newly incorporated, has not commenced operations, and has no turnover
Financial Details
- Initial Investment: Approximately INR 9.50 crore through cash subscription to equity share capital
- Ownership Percentage: 100% ownership acquired
- Consideration Type: Cash consideration for equity subscription
Purpose and Objectives
The subsidiary has been established to operate as the Global Treasury Centre for the Sun Pharma Group. Its primary activities will include:
- Treasury operations
- Funding activities
- Liquidity management
- Cash management
- Other permissible financial activities
Regulatory Requirements
Registration/approval from the International Financial Services Centres Authority (IFSCA) is required before the subsidiary can commence its proposed financial activities in GIFT City IFSC.
Related Party Aspects
The incorporation falls within related party transactions as it involves group companies. The promoter/promoter group has no direct interest in the entity except through their involvement in the Sun Pharma Group. The transaction is stated to be conducted at arm's length.