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Zydus to acquire 50% stake in Sterling Biotech from Perfect Day to enter into fermentation-based protein business

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Ahmedabad, August 25, 2024 Zydus Lifesciences Limited (“Zydus”) through its wholly-owned subsidiary, and Perfect Day Inc., a Temasek portfolio company (“Perfect Day”) have signed an agreement wherein Perfect Day will sell its ~50% shareholding in Sterling Biotech Limited (“SBL”). Post this transaction, Sterling Biotech will become a 50:50 Joint Venture (“JV”) with equal representation on […]

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