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| Exchange Received Time 27/04/2018 12:35:25 Exchange Disseminated Time 27/04/2018 12:35:30 Time Taken 00:00:05 | Cadila Healthcare Limited ('the Company') had entered into Joint Venture Agreement ['JVA'] with Bayer (South East Asia) Pte. Limited ('Bayer') on January 28, 2011. Both Bayer and the Company hold 2.50 crore Equity Shares of Rs. 10/- each fully paid-up of Bayer Zydus Pharma Private Limited ('Joint Venture Company').
As per the terms of the JVA, the Company is selling 1,25,00,001 Equity Shares at a value determined in terms of JVA to Bayer by executing a Share Purchase Agreement amongst the Company, Bayer and the Joint Venture Company.
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