Zandu Realty Ltd. News and Updates

The promoters of the firm, the Parikh family, may also evaluate an exit provided the transaction is struck at the desired valuations, these people added.

Zandu Realty Ltd.

15 Sep 2017

Harsha Vardhan Agarwal: Believing in evaluation and evolution

livemint

The Emami whole-time director talks about learning the value of money early on, changing business models, focusing on natural healthcare products and rebranding Zandu

Zandu Realty Ltd.

14 Jul 2016

Morgan Stanley to purchase 20% stake in ZCL Chemicals for Rs 180 crore

Economic Times

MUMBAI: Global private equity fund Morgan Stanley will pick up around 20% stake in ZCL Chemicals Ltd, formerly known as Zandu Chemicals, of the Parikh family for about Rs 180 crore, two people familiar with the development told ET. ZCL, which the Parikh family had sold to Emami in 2008 and bought back in 2009, manufactures active pharmaceuticals ingredients (APIs) and other chemical intermediates for the pharmaceutical industry. "Morgan Stanley private equity has signed an agreement to purchase the minority stake in ZCL. An announcement is likely soon," a person involved in the deal said. The deal values ZCL at Rs 900 crore, said another person involved in the proceedings. Nihar Parikh, executive director of ZCL, declined to comment on the fund raising and stake sale plans of the company. A spokesperson for Morgan Stanley declined to comment to an ET query. According to a source, the company that is growing at 30% CAGR for the past five years, is raising money to fund its expansion plans where new capacities will be created. The company will also alternatively look at growing inorganically by acquiring other smaller companies. When the Parikh family bought back the chemicals business from Emami Group in 2009 a year after selling Zandu Pharmaceutical Works, the business had a turnover of Rs 32 crore. Incorporated in 1991, ZCL Chemicals is into manufacturing and exports of fine chemicals, advanced drug intermediates and active pharmaceutical ingredients (API). Within APIs segment, it caters to a wide category of therapeutic segments including central nervous system (CNS), anti-viral...

Zandu Realty Ltd.

26 Apr 2016

Emami leans on Zandu's legacy

Business Standard

Inspired by the growing demand for herbal products, the Kolkata-based company is revamping its oldest label

Zandu Realty Ltd.

25 Jan 2016

Emami launches Zandu Pure Honey

Business Line

Emami Ltd has launched a new product Zandu Pure Honey. In a statement, the company said the products 100 per cent purity is guaranteed, and no sugar is added to it.
It is available in pack size...

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Buy 50.0%

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