Cadila Healthcare Ltd has entered into a share purchase agreement with Ambalal Sarabhai Enterprises to acquire the remaining 50 per cent holding in the joint venture company, Sarabhai Zydus Animal Health Ltd., which will make it a 100 per cent subsidiary company of the group.
Sarabhai Zydus Animal Health Ltd., formed in the year 2000, is amongst the leading animal healthcare companies in India. The company markets a wide range of therapies and has a strong presence in the livestock, poultry and companion animal business. With 250 employees, the company has a countrywide marketing network. The company also has alliances with Abic, a Teva group company and Lillydale of UK. Sarabhai Zydus Animal Health Ltd., posted a turnover of Rs 88.87 crore in 2006-07.