Sequent Scientific up 3%; to acquire 60% stake in Karizoo Group

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26 Aug, 2025 12:21

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Moneycontrol BureauShares of Sequent Scientific gained 3 percent intraday Monday as its subsidiary is going to acquire majority stake in Karizoo Group, Spain."The company's subsidiary Alivira Animal Health has signed a definitive agreement to acquire majority stake in Karizoo Group, Spain, as per BSE release.Alivira would acquire 60 percent stake in the family held Vila Vina Particpacions which owns Karizoo Spain, Phytosolutions Spain, Covivet Spain and Karizoo Mexico. The existing promoters will continue to hold the balance 40 percent stake. The acquisition will be made through Alivira Ireland, a wholly owned subsidiary of the company. Manish Gupta, Managing Director of Alivira said “We are happy to announce this transaction which bolsters our European presence making it the largest market for Alivira. "Karizoo brings in to Alivira an EU approved manufacturing base and strong R&D capabilities, which we intend to leverage for our global operations," he added. Sequent Scientific has registered a loss of Rs 15.28 crore in the quarter ended March 2016 against a loss of Rs 19.03 crore in the same quarter last fiscal.At 09:41 hrs Sequent Scientific was quoting at Rs 145.05, up Rs 4.15, or 2.95 percent on the BSE.Posted by Rakesh Patil