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Clarification sought from Elder Pharmaceuticals

08 Jul 2015 Evaluate

With reference to the Increase in Price, Elder Pharmaceuticals has clarified that they would like to inform you that the Company is not aware about the reason for increase in price of share of the Company. The Company has neither proposed nor is contemplating any acquisition or merger or issue of fresh shares, or otherwise, that has led to a surge in the share price.They have informed, and will continue to inform, the stock exchanges of all the events, information etc as per clauses of listing agreement regarding operation/performance of the company which include all price sensitive information, etc.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Sun Pharma Inds. 1675.20
Dr. Reddys Lab 1235.40
Cipla 1238.30
Zydus Lifesciences 942.55
Lupin 2324.25
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