Sun Pharmaceutical Industries Ltd.

Sun Pharmaceutical Industries has entered into a share purchase agreement with Japan's Daiichi Sankyo Company to acquire the latter's 11.28 per cent stake in Zenotech Laboratories. The primary objective of the transaction from acquirer's perspective is to consolidate its holding in the target company. The company will pay Rs 5.32 crore for the stake and the acquisition is expected to complete in 30 days.

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