Sun Pharma to hike stake in Ran­baxy

The Hindu Business Line - - NEWS - PTI

Drug ma­jor Sun Phar­ma­ceu­ti­cal In­dus­tries to­day said it will in­crease stake in its sub­sidiary Ran­baxy Malaysia Sdn Bhd to 79.5 per cent through pur­chase of shares. One of the wholly owned sub­sidiaries of the com­pany has agreed to in­crease its share­hold­ing in Ran­baxy Malaysia 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 BSE. Ran­baxy Malaysia Sdn Bhd, is a sub­sidiary of Sun

Pharma, and the com­pany along with one of its wholly owned arms has 71.2 per cent shares prior to the ac­qui­si­tion, it added.

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