Shilpa Medicare Pares Stake in Canadian Subsidiary

MT Newswires Live01-15

Koanna Healthcare Canada, a wholly-owned subsidiary of Shilpa Medicare (NSE:SHILPAMED, BOM:530549), has allotted around 28.4 million shares to an individual, Steve N. Slilaty, for CA$2,000, according to a Thursday filing to the Indian stock exchanges.

Following the transaction, Koanna Healthcare Canada is no longer a wholly-owned subsidiary of the company with effect from Jan. 14.

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