Hotline: 1800 102 2007
X
Search Business Opportunities
Oct, 05 2017

Eric Lifesciences acquired UTH Healthcare

Eris Lifesciences in July 2016 entered into a share purchase and shareholders' agreement to acquire 75.48 per cent in Kinedex

Eric Lifesciences said it has acquired nutraceuticals maker UTH Healthcare for Rs 12.85 crore.

UTH Healthcare is largely present in obesity, diabetes, maternal nutrition, gestational diabetes mellitus and cardio- vascular disease, Eris Lifesciences said in a filing to BSE.

Eris Lifesciences in July 2016 entered into a share purchase and shareholders' agreement to acquire 75.48 per cent in Kinedex, a firm that focuses on products catering to mobility related disorders, the company said.

UTH Healthcare Chairman A k Khanna said "This is a unique position to work from where the two entities will leverage their strengths and add value. With this, I have signed up for a bigger role at Eris and look forward to making notable contribution to the industry at large.”

 

Shares of Eris Lifesciences were trading at Rs 580 per scrip on BSE, up 0.42 per cent from its previous close.

Comment
image
Related opportunities
  • Activity Centres, Day Care & Creches
    About Us: First  Five provides quality early education for young children..
    Locations looking for expansion Maharashtra
    Establishment year 2007
    Franchising Launch Date 2015
    Investment size Rs. 20lac - 30lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater pune Maharashtra
  • Ice creams & Yogurt Parlors
    About Us: FRIENDLY OPPORTUNITY FOR ENTREPRENEURS Low Cost of Capital Minimum Operational Expenses..
    Locations looking for expansion Maharashtra
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 25
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
  • Cosmetics & Beauty Product Stores
    About Us: Vega Industries Private Limited, Launched in 2000, formerly known..
    Locations looking for expansion New Delhi
    Establishment year 2001
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 50
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
  • Express Food Joints / Drive Through
    About Us: Classic dishes are a staple, but sometimes you need..
    Locations looking for expansion Rajasthan
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
Insta-Subscribe to
Entrepreneur
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities