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Sun Pharma’s arm to acquire balance 25% outstanding shares in Sun Pharma de Mexico

29 Sep 2023 Evaluate

Sun Pharmaceutical Industries’ wholly-owned Subsidiary -- Sun Pharma (Netherlands) B.V. has signed a binding letter of intent to acquire the balance 25% outstanding shares of Sun Pharma de Mexico, S.A. de C.V., a subsidiary of the Company, where the Company is currently holding 75% shares.

Post-acquisition of the balance 25% outstanding shares will result into Sun Pharma de Mexico, S.A. de C.V. becoming a wholly-owned subsidiary of the Company.

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. 1782.00
Dr. Reddys Labs. 1208.00
Cipla 1334.00
Lupin 2010.00
Zydus Lifesciences 1138.50
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