Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
20 October, 2017 23:43 IST
Sun Pharma to hike stake in Ranbaxy Malaysia to 79.5%
Source: IRIS | 13 Oct, 2017, 09.53AM
Comments  |  Post Comment

Sun Pharmaceutical Industries' one of the wholly owned subsidiaries (collectively Sun Pharma) has agreed to increase its shareholding in Ranbaxy Malaysia Sdn Bhd, Malaysia, by way of purchase of 666,985 shares of face value of MYR 1.00 each (equivalent to 8.3%) of Ranbaxy Malaysia Sdn Bhd.

Ranbaxy Malaysia Sdn Bhd. is a subsidiary of the company, and the total shareholding of Sun Pharmaceutical (Q,N,C,F)* Industries, along with its wholly owned subsidiary is 71.2%, prior to this proposed purchase of shares.

Post completion of this purchase of shares, the total holding of the company along with its wholly owned subsidiary will increase from 71.2% to 79.5% in Ranbaxy Malaysia Sdn Bhd.

Shares of the company declined Rs 1.7, or 0.32%, to trade at Rs 537.70. The total volume of shares traded was 34,613 at the BSE (9.42 a.m., Friday).

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Company Update
Suven Life Sciences secures product patent in Singapore - 18-Oct-2017 10:42
Wipro quarterly profit climbs 6% - 18-Oct-2017 10:24
Bajaj Auto Q2 earnings fall marginally to Rs 11.93 bn - 17-Oct-2017 15:43
ACC Q3 profit soars 2.02 times to Rs 1.81 bn - 17-Oct-2017 15:15
Goodricke Group enters inks pact with Godfrey Phillips India - 17-Oct-2017 15:08
Nihar Info Global inks pact with Ibibo group - 17-Oct-2017 12:33
Aurobindo Pharma gets nod for Esomeprazole capsules - 17-Oct-2017 11:38
SSWL bags export order of caravan wheels from Europe - 17-Oct-2017 11:35
Jain Irrigation's pipe division bags order of Rs 1.78 bn - 16-Oct-2017 11:34
Bharti Airtel, Millicom conclude deal to combine ops in Ghana - 16-Oct-2017 10:21
IRB Infra's SPV achieves financial closure for NH-79 BOT project - 16-Oct-2017 10:05
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer