Cadila animal health unit inks pack with Indian co

New Delhi CADILA Healthcare on Wednesday said its wholly-owned subsidiary Zydus Animal Health and Investment has entered into definitive agreements for sale of its Animal Healthcare Established Markets Undertaking to Zenex Animal Health India. Animal Healthcare Established Markets Undertaking has animal healthcare business in India and certain other countries. Zydus Animal Health and Investment has entered into a business transfer agreement and other ancillary agreements (together definitive agreements) for disposal of its Animal Healthcare Established Markets Undertaking to Zenex Animal Health India by way of a slump sale, without values being assigned to the individual assets and liabilities on debt free and cash free basis, Cadila Healthcare said in a regulatory filing.