In a strategic move, Cadila Healthcare Limited (CHL), a leading Indian pharmaceuticals company said that it will be acquiring 51% stake in Dehradun-based Windlas Healthcare Private Limited (“Windlas Healthcare” or “WHPL”).
Avendus Capital was the sole advisor to Windlas Healthcare for this transaction.
About Windlas Healthcare
Windlas Healthcare has robust manufacturing infrastructure with a USFDA approved oral solids manufacturing facility. WHPL also has a dedicated R&D facility for formulations development and has developed four First-to-File ANDAs (Abbreviated New Drug Application) in the last two years. The strategic deal allows Cadila Healthcare to expand its manufacturing base.
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