Morepen Labs transfers medical devices business to Morepen Medtech

Morepen Labs transfers medical devices business to Morepen Medtech

Morepen Labs has executed a Business Transfer Agreement (BTA) with Morepen Medtech for the transfer of its medical devices business on a slump sale basis as a going concern. Morepen Labs holds 80 per cent of the paid-up equity share capital in Morepen Medtech. The agreement follows the approval of the company’s members and the earlier intimation dated January 14, 2025. The transaction has been carried out in compliance with the Securities and Ex…