Zydus Healthcare Buys Office Property In Mumbai


Pharma major in the country, Zydus Healthcare, has bought 80000 sq. ft., building on western express highway in Goregaon East, Mumbai from the Walia Group. This is one of the biggest office property deals in Mumbai, wherein the deal value stands at Rs 172 cr.

The Cadila Healthcare Limited stock is seen to be trading rangebound for past one month. The stock closed with gains of 0.6% on Monday on BSE. The major healthcare stocks showed weakness on Monday. Pharma majors like Sun Pharma, Lupin, Aurobindo, Glenmark and Ajanta Pharma were together dragging down the BSE Healthcare index in Monday’s trading session. BSE Healthcare index closed on Monday with a loss of 0.8% at the 15229 level.

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