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The Economic Times

Debaroti Adhikary

Zydus Lifesciences shares fall 2% as firm acquires US-based Assertio Holdings for $166 million

Zydus Lifesciences United States Zydus Assertio Holdings Inc ET Oncology the Economic Times

The shares of Zydus Lifesciences declined 2% to Rs 1,058 on the BSE on Wednesday after the company announced that it has completed the acquisition of US-based pharma company Assertio Holdings Inc. for $166.4 million.

In an exchange filing released on Tuesday, Zydus Lifesciences said that it has successfully completed the cash tender offer through its wholly-owned subsidiary, Zara Merger Sub Inc, for all the outstanding shares of common stock of Assertio Holdings Inc.

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