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Sun Pharmaceuticals Industries acquires balance stake in PJSC Biosintez, Russia

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Sun Pharmaceuticals Industries announced that the wholly owned subsidiary of the company has increased its shareholding in PJSC Biosintez, Russia, by way of purchase of 8698 shares (2391 ordinary shares and 6307 preferred shares) equivalent to 3.04% ofPJSC Biosintez under Mandatory Tender Offer.

Post completion of this purchase of shares, the total holding of wholly owned subsidiary company was increased from 96.96% to 100% in PJSC Biosintez.

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

First Published: Mon, September 09 2019. 19:23 IST