Zydus Wellness Ltd.ZYDUSWELLDeterioratingCriticalmateriality 98 out of 100
Update on voluntary liquidation of Naturell (India) Private Limited, a wholly owned subsidiary
Distressinsolvency
As filed
Zydus Wellness Limited has informed the Exchange about update on voluntary liquidation of Naturell (India) Private Limited, a wholly owned subsidiary
Why it matters
CapitSignal interpretationOnce an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.