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Sun Pharma gains on receiving CCI nod for sale of two CNS division to Strides Shasun

22 Jan 2016 Evaluate

Sun Pharmaceutical Industries is currently trading at Rs. 777.00, up by 3.75 points or 0.48% from its previous closing of Rs. 773.25 on the BSE.

The scrip opened at Rs. 775.00 and has touched a high and low of Rs. 780.00 and Rs. 774.25 respectively. So far 7,890 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. 706.40 on 24-Nov-2015.

Last one week high and low of the scrip stood at Rs. 803.40 and Rs. 762.45 respectively. The current market cap of the company is Rs. 1,86,993.00 crore.

The promoters holding in the company stood at 54.71% while Institutions and Non-Institutions held 35.62% and 9.68% respectively.

Sun Pharmaceutical Industries has received order on January 21, 2016 under the Competition Act, 2002 from the Competition Commission of India (CCI) approving the proposed transaction of the company to sell Ranbaxy’s two CNS divisions to Strides Shasun (formerly known as Strides Arcolab). With this approval, all necessary regulatory approvals have been obtained.

Last year in September, the company was in process of selling Ranbaxy’s two divisions in Central Nervous System (CNS) segment in India to Strides Shasun for Rs 165 crore. The pharma major and Strides have entered into a definitive agreement related to erstwhile Ranbaxy’s ‘Solus’ and ‘Solus Care’ divisions.

Sun Pharma is the fifth largest specialty generic pharmaceutical company in the world. The company provides high quality, affordable medicines trusted by healthcare professionals and patients in over 150 countries worldwide.


Sun Pharma Inds. Share Price

1675.20 -17.95 (-1.06%)
17-Apr-2026 16:59 View Price Chart
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Sun Pharma Inds. 1675.20
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