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Pinfold Overseas acquires 6.42 stake in Morepen Laboratories

Press Trust of India  |  New Delhi 

Pinfold Overseas has acquired 6.42 per cent additional stake in pharmaceutical firm Morepen Laboratories.

The company, which already had 2.14 per cent stake in the pharma firm, purchased additional through an off-market on November 28, 2016.



Pinfold Overseas has acquired around 2,88,97,500 amounting to 6.42 per cent of the total shares. Morepen Laboratories said in a filing to BSE.

After the acquisition, the holding of the acquirer has gone up to 8.56 per cent, it added. The acquirer does not belong to the promoter group, Morepen Laboratories said.

The stock of Morepen Laboratories today closed at Rs 23.95 on BSE, up 9.36 per cent from its previous close.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Pinfold Overseas acquires 6.42 stake in Morepen Laboratories

Pinfold Overseas has acquired 6.42 per cent additional stake in pharmaceutical firm Morepen Laboratories. The company, which already had 2.14 per cent stake in the pharma firm, purchased additional shares through an off-market transaction on November 28, 2016. Pinfold Overseas has acquired around 2,88,97,500 shares amounting to 6.42 per cent of the total shares. Morepen Laboratories said in a filing to BSE. After the acquisition, the holding of the acquirer has gone up to 8.56 per cent, it added. The acquirer does not belong to the promoter group, Morepen Laboratories said. The stock of Morepen Laboratories today closed at Rs 23.95 on BSE, up 9.36 per cent from its previous close. Pinfold Overseas has acquired 6.42 per cent additional stake in pharmaceutical firm Morepen Laboratories.

The company, which already had 2.14 per cent stake in the pharma firm, purchased additional through an off-market on November 28, 2016.

Pinfold Overseas has acquired around 2,88,97,500 amounting to 6.42 per cent of the total shares. Morepen Laboratories said in a filing to BSE.

After the acquisition, the holding of the acquirer has gone up to 8.56 per cent, it added. The acquirer does not belong to the promoter group, Morepen Laboratories said.

The stock of Morepen Laboratories today closed at Rs 23.95 on BSE, up 9.36 per cent from its previous close.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Pinfold Overseas acquires 6.42 stake in Morepen Laboratories

Pinfold Overseas has acquired 6.42 per cent additional stake in pharmaceutical firm Morepen Laboratories.

The company, which already had 2.14 per cent stake in the pharma firm, purchased additional through an off-market on November 28, 2016.

Pinfold Overseas has acquired around 2,88,97,500 amounting to 6.42 per cent of the total shares. Morepen Laboratories said in a filing to BSE.

After the acquisition, the holding of the acquirer has gone up to 8.56 per cent, it added. The acquirer does not belong to the promoter group, Morepen Laboratories said.

The stock of Morepen Laboratories today closed at Rs 23.95 on BSE, up 9.36 per cent from its previous close.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

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