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Sun Pharma rises on terminating transaction agreements with Daiichi Sankyo

27 May 2016 Evaluate

Sun Pharmaceutical Industries is currently trading at Rs. 818.75, up by 38.70 points or 4.96% from its previous closing of Rs. 780.05 on the BSE.

The scrip opened at Rs. 792.00 and has touched a high and low of Rs. 821.25 and Rs. 792.00 respectively. So far 171391 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1003.65 on 27-May-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. 801.00 and Rs. 771.00 respectively. The current market cap of the company is Rs. 195488.59 crore.

The promoters holding in the company stood at 54.97% while Institutions and Non-Institutions held 35.37% and 9.66% respectively.

Sun Pharmaceutical Industries has terminated the umbrella pact and transaction agreements with Daiichi Sankyo and its overseas subsidiaries due to divestment of Ranbaxy by the Japanese firm. Daiichi Sankyo, Daiichi Sankyo (Thailand), Sun Pharmaceutical Industries, Ranbaxy (Netherlands) BV and Ranbaxy (Thailand) Company entered into a termination agreement on May 26, 2016 and agreed that the umbrella agreement as well as the executed transaction agreements will be terminated with effect as of the closing date.

There is no material impact of such termination on either standalone or consolidated operations/ financial operations of the company. Additionally, the said termination agreement does not apply to, or have an impact upon, other business relationship that the parties to the said termination agreement may have in force.

Sun Pharma is the world’s fifth largest specialty generic pharmaceutical company and India’s top pharmaceutical company. Its global presence is supported by 49 manufacturing facilities spread across 6 continents, R&D centres across the globe and a multi-cultural workforce comprising over 50 nationalities.

Sun Pharma. Inds. Share Price

1903.00 -10.05 (-0.53%)
07-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Sun Pharma. Inds. 1903.00
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