NSEGeneral Updates20 Jun 2026 · 20 Jun 2026, 05:23 pm
General Updates
SUNPHARMA · SUNPHARMA
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Sun Pharmaceutical Industries Limited (SUNPHARMA) announced its agreement to acquire 100% of Innovcare Lifesciences Private Limited. Innovcare, a Mumbai-based company, is engaged in the marketing, distribution, and sale of pharmaceutical drugs, nutraceutical, and cosmeceutical products. This strategic acquisition is significant for investors as it expands Sun Pharma's product portfolio and market presence in these growing segments.
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Sun Pharmaceutical Industries Limited
Sun House, Plot No. 201 B/1,
Western Express Highway, Goregaon (E),
Mumbai – 400 063, Maharashtra, INDIA.
Tel.: (91-22) 4324 4324
Fax: (91-22) 4324 4343
Website: www.sunpharma.com
Email: secretarial@sunpharma.com
CIN: L24230GJ1993PLC019050
20 June 2026
National Stock Exchange of India Limited BSE Limited
Scrip Symbol: SUNPHARMA Scrip Code: 524715
Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 – Acquisition
This is to inform that Sun Pharmaceutical Industries Limited (together with its subsidiaries and/or
affiliates referred to as “Sun Pharma” or “Company”), has entered into an agreement pursuant to which
Sun Pharma has agreed to acquire 100% outstanding shares of Innovcare Lifesciences Private Limited, a
company based in Mumbai and engaged in the business of marketing, distribution and sale of
pharmaceutical drugs, nutraceutical and cosmeceutical products.
Annexure A, enclosed herewith, provides the particulars of the disclosure required under Regulation 30
of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Part A of
Schedule III.
For Sun Pharmaceutical Industries Limited
(Anoop Deshpande)
Company Secretary and Compliance Officer
ICSI Membership No.: A23983
Registered Office: SPARC, Tandalja, Vadodara – 390 012, Gujarat, INDIA.
Reaching People. Touching Lives.
Sun Pharmaceutical Industries Limited
Sun House, Plot No. 201 B/1,
Western Express Highway, Goregaon (E),
Mumbai – 400 063, Maharashtra, INDIA.
Tel.: (91-22) 4324 4324
Fax: (91-22) 4324 4343
Website: www.sunpharma.com
Email: secretarial@sunpharma.com
CIN: L24230GJ1993PLC019050
Annexure A
Disclosure under Para (A) of Part (A) of Schedule III to the Regulation 30 SEBI (Listing Obligation
and Disclosure Requirements) Regulations, 2015
Sl. Particulars Information
a) Name of the target entity, details in brief Innovcare Lifesciences Private Limited
such as size, turnover etc. (“Innovcare”), a company duly incorporated under
Companies Act, 2013, and having its registered
office at Mumbai, Maharashtra, India, is engaged
in the business of marketing, distribution and sale
of pharmaceutical drugs, nutraceutical and
cosmeceutical products.
The revenue from operations for FY 2025-26 was
INR 94.06 crores.
b) Whether the acquisition would fall within No, the transaction in not a related party
related party transaction(s) and whether transaction and promoter / promoter group does
the promoter/ promoter group/ group not have any interest in the entity whose securities
companies have any interest in the entity are being acquired.
being acquired? If yes, nature of interest
and details thereof and whether the same is
done at “arm’s length”
c) Industry to which the entity being acquired Pharmaceuticals and Healthcare
belongs
d) Objects and effects of acquisition Strategic investment to strengthen product
(including but not limited to, disclosure of portfolio of the Company
reasons for acquisition of target entity, if
its business is outside the main line of
business of the listed entity)
e) Brief details of any governmental or None
regulatory approvals required for the
acquisition
f) Indicative time period for completion of On or before 31 July 2026
the acquisition
g) Nature of consideration - whether cash Cash Consideration
consideration or share swap and details of
the same
h) Cost of acquisition or the price at which Cash consideration aggregating ~Rs 271.2 Crores.
the shares are acquired
Registered Office: SPARC, Tandalja, Vadodara – 390 012, Gujarat, INDIA.
Reaching People. Touching Lives.
Sun Pharmaceutical Industries Limited
Sun House, Plot No. 201 B/1,
Western Express Highway, Goregaon (E),
Mumbai – 400 063, Maharashtra, INDIA.
Tel.: (91-22) 4324 4324
Fax: (91-22) 4324 4343
Website: www.sunpharma.com
Email: secretarial@sunpharma.com
CIN: L24230GJ1993PLC019050
i) Percentage of shareholding/ control Agreement to acquire 100% outstanding shares.
acquired and/ or number of shares acquired
j) Brief background about the entity acquired Innovcare is engaged in the business of marketing,
in terms of products/line of business distribution and sale of pharmaceutical drugs,
acquired, date of incorporation, history of nutraceutical and cosmeceutical products.
last 3 years turnover, country in which the
acquired entity has presence and any other Innovcare was incorporated on 21 July 2014.
significant information (in brief)
The revenue from operations for previous three
years is as follows,
FY Turnover (in INR
Crores)
2025-26 94.06
2024-25 86.09
2023-24 80.93
Countries in which Innovcare has presence: India
Registered Office: SPARC, Tandalja, Vadodara – 390 012, Gujarat, INDIA.
Reaching People. Touching Lives.