Sun Pharmaceutical Industries Ltd said that it will buy generic drug maker Ranbaxy Laboratories Ltd, which has hit regulatory snags in its key US market over quality issues, in an all-share deal with total equity value of $3.2 billion..
Sun Pharmaceutical Industries Ltd said that it will buy generic drug maker Ranbaxy Laboratories Ltd, which has hit regulatory snags in its key US market over quality issues, in an all-share deal with total equity value of $3.2 billion.
News video | 399 views
Ranbaxy stock has been under severe stress today after Sun Pharma agreed to buy the company in a $4 billion all-stock deal.
Ranbaxy investors will get 0.8 share in Sun Pharma for every one of their shares. The deal makes Sun the largest pharma company in India and gives it control over Ranbaxy's pipeline of generic products. Speaking to Bloomberg TV India the management also stressed that they see huge value for Ranbaxy shareholder.
News video | 531 views
Malvinder Mohan Singh, Former CEO & MD of Ranbaxy opens up on this landmark pharma deal where Sun Pharma has bought out Ranbaxy. He says he is confident that Sun Pharma will run Ranbaxy successfully and be able to unlock the value sitting in Ranbaxy. Sun Pharma has bought Daichi Sankyo's 63% stake in Ranbaxy in a $4 bn landmark deal. Ranbaxy shareholders will get 8 shares of Sun for every share held. We get you this exclusive interaction only on ET NOW as we see Sun rising over Ranbaxy in the stock market.
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India's Sun Pharma to buy struggling Ranbaxy for $3.2 billion as Daiichi Sankyo retreats
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Sun Pharmaceutical Industries Ltd is buying Ranbaxy Laboratories Ltd through an all-stock merger in which five shares of Ranbaxy will fetch four shares of Sun Pharma.
News video | 542 views
Sun Pharmaceutical, India's largest drugmaker by market value, has agreed to buy Ranbaxy in a $4 billion all-stock deal.
Ranbaxy investors will get 0.8 share in Sun Pharma for every one of their shares. Agam Vakil shares details on the deal valuation and the shareholding pattern. Also, Bloomberg's Ketaki Gokhale tells you what may happen to Ranbaxy's U.S. FDA woes post the deal.
News video | 13784 views
Enjoy this fun Hindi song 'Sun Sun Yara O Sun' from the Bollywood superhit action romantic drama hindi blockbuster movie Aaj Ka Boss (2008) starring Mithun Chakraborty, Swati, Urmi Negi, Rami Reddy, Dalip Tahil, Raza Murad & Manvi Goswami. Directed by T L V Prasad. Music by Ghulam Ali.
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The Supreme Court on Friday held former Ranbaxy promoters Malvinder Singh and Shivinder Singh guilty of contempt of court for violating its order asking them not to divest their shares in Fortis Healthcare Limited. The apex curt had earlier asked the Singh brothers to give it a plan as to how they would honour the arbitral award of Rs 3,500 crore granted by a Singapore tribunal against them and in favour of Japanese drug manufacturer Daiichi Sankyo.
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