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
  • Healthcare Products
    Healthy Hey is committed to creating world-class supplements. Their supplements..
    Locations looking for expansion Haryana
    Establishment year 2018
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 20
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Online Food Ordering Services
    About Us: Smart Chef LLP consists of 3 brands - Dosama,..
    Locations looking for expansion Delhi NCR
    Establishment year 2000
    Franchising Launch Date 2020
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi NCR
  • Courier & Delivery
    sKart Global Express Pvt Ltd is a technology driven company..
    Locations looking for expansion Haryana
    Establishment year 1983
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Others Food Service
    About Us: Happy Moments was founded in 2016. The partners of..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Kandivali west Maharashtra
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities