Zydus Wellness Ltd News
Zydus Wellness shares soar 3% on acquiring Naturell (India) for Rs 390 cr
The rise in the share price came after the company announced that it has acquired 100 per cent stake in Naturell (India) Private Limited (NIPL), including its wholly owned subsidiary, for Rs 390 crore
 "Zydus Wellness shares soar 3% on acquiring Naturell (India) for Rs 390 cr")
Zydus Wellness board approves acquisition of Naturell India for Rs 390 cr
Zydus Wellness on Wednesday said its board has approved the acquisition of Naturell (India), a maker of healthy snacks such as nutrition bars and protein chips, for Rs 390 crore. The company's board has approved entering into the share purchase agreement with the promoters and other shareholders of Naturell (India) Pvt Ltd to acquire 1,50,78,605 equity shares of Re 1 each, representing 100 per cent of the paid-up share capital, at a consideration of Rs 390 crore, it said in a regulatory filing. "We believe that this acquisition is an opportunity to expand our portfolio by investing in brands and products that resonates with our company's portfolio and today's health-conscious consumers," Zydus Wellness Chairman Sharvil Patel said. The acquisition represents a strategic addition to Zydus Wellness, perfectly aligning with the company's aspirations to expand within the consumer wellness space, he added. Vijay Uttarwar, founder of Naturell (India) said Zydus has a proven track record o
 "Zydus Wellness board approves acquisition of Naturell India for Rs 390 cr")
Zydus Wellness Q1 profit surges 33.78% amidst strong brand performance
The company's flagship brands, Glucon-D, Nycil, Everyuth Peel-off, and Scrub, continued to dominate their respective categories
 "Zydus Wellness Q1 profit surges 33.78% amidst strong brand performance")
Zydus Wellness stock jumps 5%; hits 2-year high on hopes of demand recovery
The management sees encouraging signs of industry recovery, with inflation stabilising and margins poised for improvement.
