Piramal Pharma To Sell Decommissioned Thane Unit For ₹85 Million

Piramal Pharma Ltd. on Tuesday said it will sell its decommissioned unit in Thane, Mumbai to Global Pharma Ltd. for ₹85 million, with the transaction expected to be completed within 90 days.

The company had earlier signed a memorandum of understanding with Sankalpan Architects Pvt. Ltd. to sell the same unit for ₹90 million but later terminated the agreement after delays in meeting the conditions. 

The unit, located in MIDC, Wagle Industrial Estate, had no contribution to the company's turnover, income, or net worth in 2024-25, Piramal Pharma said.