India's Lupin to sell Japan business at enterprise value of $516.5m

India's Lupin to sell Japan business at enterprise value of $516.5m

Medical drugs in a pharmacy. Credit: Flickr/epSos .de

Lupin has entered into a definitive agreement to sell its entire stake in Japanese subsidiary Kyowa Pharmaceutical Industry Co. to Plutus Ltd for an enterprise value of 57.36 billion yen, or 3,702 crore.