Sun Pharmaceutical Industries is currently trading at Rs. 865.00, up by 14.60 points or 1.72% from its previous closing of Rs. 850.40 on the BSE.
The scrip opened at Rs. 859.00 and has touched a high and low of Rs. 866.90 and Rs. 858.50 respectively. So far 1898746 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1200.70 on 07-Apr-2015 and a 52 week low of Rs. 792.00 on 17-Oct-2014.
Last one week high and low of the scrip stood at Rs. 905.00 and Rs. 840.90 respectively. The current market cap of the company is Rs. 207764.84 crore.
The promoters holding in the company stood at 54.71 % while Institutions and Non-Institutions held 31.51% and 13.78% respectively.
Sun Pharmaceutical Industries has commenced a tender offer through its indirect wholly owned subsidiary, Thea Acquisition Corporation, for all of the outstanding shares of common stock (the ‘Shares’) of InSite Vision Incorporated for $0.35 per share in cash, without interest and less any required withholding taxes.
The tender offer is being made pursuant to an Offer to Purchase, dated September 29, 2015, and in connection with the previously announced Agreement and Plan of Merger, dated September 15, 2015, as amended and restated as of September 28, 2015, by and among InSite Vision, Ranbaxy, Inc. and Thea Acquisition Corporation.
The tender offer will expire on October 27, 2015, at 12:00 midnight New York City time (the end of the day), unless extended in accordance with the Merger Agreement and the applicable rules and regulations of the Securities and Exchange Commission. Any extension of the tender offer will be followed as promptly as practicable by public announcement thereof, and such announcement will be made no later than 9:00 a.m. New York City time on the next business day after the previously scheduled expiration date.
The tender offer is subject to customary conditions, induding the tender of a majority of the outstanding Shares (calculated on a fully-diluted basis). InSite Vision's board of directors has also approved the transaction and unanimously recommended that its stockholders tender their shares pursuant to the tender offer.
| Company Name | CMP |
|---|---|
| Sun Pharma Inds. | 1670.35 |
| Dr. Reddys Lab | 1236.85 |
| Cipla | 1232.80 |
| Zydus Lifesciences | 942.40 |
| Lupin | 2332.80 |
| View more.. | |
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