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Hikal acquires stakes in Radiance MH Sunrise Two, Radiance MH Sunrise Four

13 Dec 2022 Evaluate

Hikal has acquired 12,60,000 (26%) equity shares at Rs 10 each in Radiance MH Sunrise Two on December 12, 2022. The acquisition of 26% of the paid-up share capital is to meet the captive consumer requirement as per the Electricity Act, 2003. The company has also acquired 33,60,000 (26%) equity shares at Rs 10 each in Radiance MH Sunrise Four on December 12, 2022.

Hikal is a leading manufacturer and supplier of API's and intermediates globally.

Peers
Company Name CMP
Sun Pharma. Inds. 1853.50
Dr. Reddys Labs. 1202.80
Cipla 1397.20
Lupin 2090.00
Zydus Lifesciences 1202.00
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