Pfizer Limited — Important, 29-03-2025: Updates

Pfizer Limited has completed the transfer and assignment of its unexpired leasehold rights in approximately 82,000 sq. mtrs. of land at Trans Thane Creek Industrial Area, Turbhe, Thane, along with buildings totaling around 16,494.33 sq. mtrs., to Zoetis Pharmaceutical Research Private Limited. The transaction, effective as of March 29, 2025, was finalized with a total consideration of Rs. 264.40 Crores. This strategic move allows Pfizer to streamline its operations and refocus resources while collaborating with Zoetis, which could enhance both companies' capabilities in their respective markets. Investors should closely monitor how this transaction aligns with Pfizer's broader strategic initiatives and its potential impact on future growth.