Sun Pharma Says Shanghvi Did Not Buy Shares From Daiichi Sankyo

Posted By:
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Sun Pharma today clarified to the stock exchanges that its promoter Dilip Shanghvi did not buy shares sold by Daiichi Sankyo in Sun Pharma.

     Sun Pharma Says Shanghvi Did Not Buy Shares From Daiichi Sankyo
    On Tuesday, Daiichi Sankyo exited the company after selling its stake in Sun Pharma, shares of which it received after the merger of Sun Pharma and Ranbaxy Laboratories. There were roumours that Dilip Shanghvi had picked up these shares.

    An increase in shareholding by the promoters is always viewed as positive by the markets. The shares of Sun Pharma were last trading at Rs 967 on the NSE.

    It was in 2008 that Daiichi had picked a stake in Ranbaxy Laboratories from the main promoter the family which had sold their stake in the company.

    At the time of the merger, Daiichi held a 63 per cent stake in Ranbaxy. After the merger it received shares of Sun which it has now sold.

    GoodReturns.in

    Read more about: sun pharma
    Story first published: Wednesday, April 22, 2015, 13:22 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more