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
  • Mens Wear
    About Us:  Mrbutton in is a one-stop shop for men’s wardrobe..
    Locations looking for expansion Delhi
    Establishment year 2012
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • About Us: ARC, a premium brand of Jindal Stainless Group, is..
    Locations looking for expansion New Delhi
    Establishment year 2003
    Franchising Launch Date 2003
    Investment size Rs. 30lac - 50lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
  • Gyms and Fitness Centres
    About Us: Trugym is an innovative gym operator from the UK...
    Locations looking for expansion Delhi
    Establishment year 2009
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Healthcare & Medical Products
    About Us: India's Leading budget eyewear brand. Founders are from IIM..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
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