Zydus incorporates wholly owned subsidiary Zydus Global Treasury Centre in GIFT City
Zydus Lifesciences Limited has incorporated a wholly owned subsidiary named Zydus Global Treasury Centre IFSC Limited, which is based in GIFT City, Gandhinagar, Gujarat. The incorporation took place on August 25, 2026.The newly formed entity, referred to as the GIFT City Company, is established to undertake the business of a Global and/or Regional Corporate Treasury Centre. The subsidiary is intended to carry out treasury activities and provide treasury services.
The incorporation involves the 100% subscription to the paid-up share capital of the GIFT City Company, which was completed in cash.
Key details regarding the new entity include:
| Particulars | Details |
|---|---|
| Entity Name | Zydus Global Treasury Centre IFSC Limited |
| Authorized Share Capital | Rs. 5 Crores |
| Paid-up Share Capital | Rs. 5 Crores |
| Shareholding Acquired | 100% |
| Nature of Business | Treasury activities and services |
| Turnover | Nil (as operations have yet to commence) |
Upon the incorporation of the subsidiary as a wholly owned entity of Zydus Lifesciences Limited, the GIFT City Company has become a related party of the parent company.
The incorporation and subsequent structure of the subsidiary are aimed at supporting the company’s treasury operations by leveraging the functions of a designated Global or Regional Corporate Treasury Centre.
ZYDUSLIFE Stock Price Movement
Shares of Zydus Lifesciences Limited are edging higher to ₹1141.50 as of 12:51 PM, gaining ₹17.00 or 1.51% in live trading. The equity maintains strong momentum during the day, with a volume reaching 714,591 shares and trading within the range of ₹1117.8 to ₹1146.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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