Eris Lifesciences allots shares for Swiss Parenterals acquisition
ERIS · price
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On the reaction day the stock moved 1.0 pts more than Nifty Smallcap 250 and 0.7 pts more than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Eris Lifesciences allotted 23,06,372 equity shares at INR 1835.35 each to Mr. Naishadh Shah via preferential issue, as consideration other than cash for acquiring his 30% stake in Swiss Parenterals. Swiss is now a wholly owned subsidiary. Paid-up share capital rose from 13.62 crore to 13.85 crore shares. Shares are subject to lock-in under SEBI rules.
No fresh cash inflow. Minor share dilution from new equity. Strengthens portfolio with Swiss Parenterals as wholly owned subsidiary.