Eris Lifesciences Limited — Important, 23-10-2024: General Updates

Eris Lifesciences Limited has acquired a 100% stake in Eris Pharmaceuticals Private Limited, making it a wholly owned subsidiary. The shares were purchased from the promoters at a face value of Rs. 10 each. This acquisition aims to consolidate operations and enhance efficiencies within the pharmaceutical sector. The acquisition has been completed, and no regulatory approvals were necessary. Eris Pharmaceuticals was incorporated in June 2020 and has had no turnover in the past three fiscal years.