Sun Pharmaceutical Industries Limited (NSEI:SUNPHARMA) entered into agreement to acquire 27.39% stake in Remidio Innovative Solutions Pvt. Ltd. for INR 1.5 billion on February 18, 2023. The consideration to be paid in cash.

The revenue from operations for the year 2021-22 on consolidated basis was INR 266.07 million. The transaction is expected to complete by the end of February, 2023