Wockhardt Limited has incorporated a new subsidiary namely Wockhardt Biologics Limited under the provisions of the Companies Act, 2013 on 2nd July, 2021. The authorised, subscribed and paid-up capital of the Wockhardt Biologics Limited is INR 500,000 divided into 50,000 equity shares of INR 10 each out of which Wockhardt Limited will hold approximately 65% of the total share capital while the remaining stake will be held by certain Promoter Group/Group entities.