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Generic drugmaker Claris Lifesciences Ltd said on Thursday it was not in talks to sell its stake in injectable drugs business, and has not considered such an action.
The company issued the statement in response to a report in the Economic Times that said several large pharmaceutical companies were in a race to buy Claris's sterile injectables business.
Claris said it had "neither considered not taken any decision in this regard."
The company's shares rose as much as 20% to Rs 248.20 on Thursday, while the broader NSE index was up 0.64%.
