Hotline: 1800 102 2007
Hotline: 1800 102 2007
Oct, 14 2017

Sun Pharma decreases after increasing stake in Ranbaxy Malaysia

Sun Pharma reported total revenue at 1,802.52 crore and net loss stood at 1,290.99 crore

Sun Pharma decreases after increasing stake in Ranbaxy Malaysia

Shares of Sun Pharma ended lower on Friday after the drug company said it will increase its stake subsidiary Ranbaxy Malaysia to 79.5% through purchase of shares. Following the company statement the stock fell 0.87% to Rs 534.70 on BSE. It opened at Rs 541 and touched an intraday high and low of Rs 543 and 532.80.

In a filing to BSE, the company said "One of the wholly owned subsidiaries of the company has agreed to increase its stake holding in Ranbaxy Malaysia, by the way of purchase of 6,66,985 shares of face value of MYR 1 each. The total stake holding of Sun Pharma along with its wholly owned subsidiary will increase from 71.2 per cent to 79.5 per cent.”

For the quarter ended June 30, 2017, Sun Pharma reported total revenue at 1,802.52 crore and net loss stood at 1,290.99 crore.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Ethnic Stores
    About Us: Franchise Partners  InvitedWomen’s Desired& Exclusive Ethnic Wear Bra..
    Locations looking for expansion Delhi
    Establishment year 2012
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi
  • About Us: Hollywood’s Pizza & Grill is an upmarket casual dining..
    Locations looking for expansion Haryana
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Tea And Coffee Chain
    About Us: CHAI CALLING is one the most renowned tea brands..
    Locations looking for expansion Uttar pradesh
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 2lac - 5lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bareilly Uttar pradesh
  • Quick Service Restaurants
    About Us: We are a startup company with a unique concept..
    Locations looking for expansion Maharashtra
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required 035
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Nashik Maharashtra
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities