Eris Lifesciences buys India formulation business of Biocon Biologics for Rs. 1,242 Cr
Both organisations enter into a long- term collaboration to expand patient access in India
Both organisations enter into a long- term collaboration to expand patient access in India
Total transaction value of the divestment is Rs. 3,660 million
The deal will be financed by Rs 300 crore of internal accruals and Rs 350 crore of borrowings
MJ will be paid a one-time lumpsum licence fee of Rs 15 crore
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