MoneyWorks4Me

Sun Pharma’s arm to acquire 100% stake in Pola Pharma

26 Nov 2018 Evaluate

Sun Pharmaceutical Industries’ wholly owned subsidiary -- Sun Pharma Global FZE -- has agreed to acquire 100% shares of Pola Pharma Inc., Japan, subject to completion of closing conditions, by way of cash consideration of 100 million Japanese Yen (around $1 million). This acquisition would give commercial presence in the dermatology segment in Japan.

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. 1783.25
Dr. Reddys Labs. 1202.40
Cipla 1329.50
Lupin 2007.10
Zydus Lifesciences 1154.00
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