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Zydus Cadila in talks to sell two units for Rs 1,200 crore

This is part of a broader strategy to reduce debt in the company’s capital structure after it borrowed more to help finance the Rs 4,600-crore acquisition earlier this year of Heinz India’s consumer wellness business. Zydus has approached larger rivals, such as Cipla and Sun Pharmaceutical Industries, besides financial investors.

Original source: https://health.economictimes.indiatimes.com/news/pharma/zydus-cadila-in-talks-to-sell-two-units-for-rs-1200-crore/72988077?utm_source=RSS&utm_medium=ETRSS