#TTKHealth #BharatSerum
TTK Healthcare Sold off its Pharma Division to Bharat Serum and Vaccines.
Lets understand what does it mean to TTK Healthcare and their future plans⤵️
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1⃣TTK Healthcare sold his human pharma business to Bharat Serums for 805 Cr.
2⃣Company would be receiving around 595 Cr (74%) as cash and remaining as equity shares
3⃣Human pharma contributes 25% in total turnover, and it is focused on women health
4⃣Around 400 Cr. Would remain in the hand after all expense and taxes, it would be utilized in growing consumer and food business
5⃣Reason of selling is that it is not having core competence in pharma & wants to focus on Consumer Products (has brands like gripe water, Eva etc.)
6⃣It has other segments like Consumer Products, Animal Health, Medical Devices, Protective Devices and Foods
7⃣As per management, no impact will be there on margins and revenue despite this sale
8⃣Company might sell other businesses as well if it finds the deal perfect
9⃣ Bharat Serum want to be the biggest player in women’s health segment and believes the acquired business would be growing at 15% pace
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