Mankind Pharma Limited announced Board of Directors held on April 2, 2024 approved Incorporation of a wholly owned subsidiary by the name Mankind Consumer Products Private Limited or any other name approved by Registrar of Companies, Ministry of Corporate Affairs. Proposed initial authorized Capital: INR 5,00,00,000/-. Industry to which the entity being acquired belongs: Pharmaceutical Industry.

The proposed WOS will be incorporated in India and shall carry out the business of trading and manufacturing of various types of consumer healthcare products predominantly over the counter drugs & products. Consideration - whether cash consideration or share swap or any other form and details of the same: 100% subscription to initial paid up capital of INR 5,00,00,000/- in cash; Further investment of upto INR 2,50,00,00,000/- (Rupees Two Hundred Fifty Crore only) in one or more tranches as per business requirement, as may be decided by the authorized persons.