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    Sun Pharma Tanks 9% As Daiichi Sells Stake In The Company


    Shares in Sun Pharma fell a huge 10 per cent in trade as Daiichi sold its stake in the company through block deals.

    Sun Pharma Tanks 9% As Daiichi Sells Stake In The Company
    Sun Pharmaceutical Industries: Quotes, News
    BSE 464.10BSE Quote9.05 (-1.95%)
    NSE 464.65NSE Quote8.6 (-1.85%)
    The Sun Pharma stock was last trading at Rs 950, down 11 per cent in trade. The stock had a previous closing of Rs 143.

    Daiichi Sankyo had picked-up a stake in Ranbaxy from the Singh family in 2008. Subsequently, Sun Pharma tookover Ranbaxy Laboratories.

    However, Daiichi Sanko continued to hold stake in the company which has now been sold through a block deal on the exchanges.

    It is reported that Sun Pharma promoter, Dilip Shanghavi may have picked-up the Daiichi stake.

    Read more about: sun pharma
    Story first published: Tuesday, April 21, 2015, 12:23 [IST]
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