MoneyWorks4Me

Sun Pharma hikes stake in Zenotech Laboratories to 57.56%

28 Jul 2017 Evaluate

Sun Pharmaceutical Industries has raised its shareholding in Zenotech Laboratories from 46.85% of pre rights issue capital to 57.56% of the post rights issue capital.

This is pursuant to allotment of 1,90,00,000 equity shares of Rs 10 each for cash at a price of Rs 45 each including a share premium of Rs 35 per equity share issued on rights basis by Zenotech.

Sun Pharmaceutical Industries is the world’s fourth largest specialty generic pharmaceutical company and India’s top pharmaceutical company.


Peers
Company Name CMP
Sun Pharma. Inds. 1801.00
Dr. Reddys Labs. 1209.15
Cipla 1343.00
Lupin 2035.00
Zydus Lifesciences 1160.00
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