- Business
- Nectar Lifesciences Limited, incorporated in 1995 and headquartered in Chandigarh, India, manufactures, markets and distributes pharmaceutical products with a focus on active pharmaceutical ingredients, intermediates and finished dosage forms, particularly in the cephalosporin antibiotics segment; core offerings include APIs such as Cefixime, Cefuroxime Axetil (amorphous and crystalline), Cefotaxime Sodium and Ceftriaxone Sodium, alongside contract manufacturing of cephalosporin solid dosage forms like tablets, capsules, dry powder oral suspensions, granules and injectables; additional products encompass menthol and mint derivatives, empty hard gelatin capsules, rapid test kits for conditions including HIV, dengue, syphilis, pregnancy and troponin I, as well as anti-inflammatory drugs and cardiovascular medications. The company operates manufacturing facilities compliant with EUGMP guidelines and holding approvals from regulators including PMDA Japan, ANVISA Brazil and COFEPRIS Mexico, spanning over 242,000 square meters near Chandigarh in Punjab and Himachal Pradesh; it serves markets in over 45 countries with a strong export focus on anti-infectives and lifesciences products. In July 2025, Nectar Lifesciences signed a definitive Business Transfer Agreement to divest its core API and formulations business to Ceph Lifesciences Private Limited for INR 1,270 crore on a slump sale basis, alongside an Asset Purchase Agreement for its menthol business assets valued at INR 20 crore; these transactions, approved by the board and pending shareholder and regulatory nods with expected completion by September 20, 2025, form part of a strategic restructuring to streamline operations, reduce debt, pursue new growth segments and enhance shareholder value.