Aurobindo Pharmas step down subsidiary to sell off business assets for USD 550 mn

Aurobindo Pharmas step down subsidiary to sell off business assets for USD 550 mn

Oct 26, 2020 09:10 IST capital market

Aurobindo Pharma announced that Natrol LLC, USA, a wholly owned step-down subsidiary of the Company, has entered into a definite agreement with New Mountain Capital LLC, NY and its affiliate Jarrow Formulas Inc., to dispose of its business assets as a going concern with related assets, liabilities, products, brands and employees for a cash consideration of USD 550 million. The transaction is expected to close by January 2021.

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