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Walpar Nutritions has incorporated Pallota Nutritions Private Limited as an Associate Company, acquiring a 45% stake. This new entity, with an initial paid-up share capital of Rs. 0.25 Cr, will focus on the pharmaceuticals industry, specifically dietary and health foods, nutraceuticals, and other pharmaceutical products. Walpar's contribution to the share capital was made in cash at face value, reflecting an arm's length transaction. This strategic expansion broadens Walpar's footprint in the growing health and nutrition segment.