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Sun Pharma to increase stake in Ranbaxy Malaysia to 79.5 pc

Press Trust of India  |  New Delhi 

Drug major Industries today said it will increase stake in its subsidiary Sdn Bhd to 79.5 per cent through purchase of

One of the wholly owned subsidiaries of the company has agreed to increase its shareholding in Sdn Bhd by 8.3 per cent by way of purchase of around 6.66 lakh shares, Sun Pharma said in a filing to the

Sdn Bhd, is a subsidiary of Sun Pharma, and the company along with one of its wholly owned arms has 71.2 per cent prior to the acquisition, it added.

The share purchase will be for a consideration of MYR 2,861,365.65, Sun Pharma said.

of Industries today closed at Rs 539.40 per scrip on BSE, up 2.59 per cent from its previous close.

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

First Published: Thu, October 12 2017. 21:22 IST