Zydus Life To Raise Stake In Amplitude Surgical To Over 90%

Zydus Lifesciences plans to acquire an additional 4.7% stake in France-based orthopaedic technology firm Amplitude Surgical SA, taking its total holding to over 90%, the company said in a press release on Thursday.

On March 11, Zydus Life's board approved acquiring an 85.6% stake in Amplitude Surgical for ₹24.3 billion. It also launched a tender offer for the remaining shares at €6.45 (around ₹627) apiece, with plans to delist the company from Euronext Paris after full acquisition. The initial 85.6% stake buy is expected to close by June.

The latest deal involves seven shareholders of Amplitude Surgical and represents 4.7% of its capital and voting rights, the company said.