Brief: Sanofi India Approved Scheme Of Arrangement To Demerge Its Consumer Healthcare Business Into Unit
10/05/2023 09:23
May 10 (Reuters) - Sanofi India Ltd SANO.NS :
* APPROVED SCHEME OF ARRANGEMENT TO DEMERGE ITS CONSUMER HEALTHCARE
BUSINESS INTO
UNIT
* UPON COMPLETION OF PROPOSED DEMERGER, SANOFI WILL CONTINUE TO OWN 60.4%
STAKE IN
BOTH ENTITIES
* SHAREHOLDERS WILL RECEIVE 1:1 SANOFI CONSUMER HEALTHCARE INDIA SHARE OF 10
RUPEES EACH
Source text for Eikon: ID:nBSE13Scvj
Further company coverage: SANO.NS
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