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What is the ratio of Ranbaxy merger with Sun Pharma?
0.8 shares of Sun Pharma will be allotted for each share of Ranbaxy. At present, Daiichi Sankyo owns approximately 63.41% (ratio of voting rights held) of the shares of Ranbaxy. Daiichi Sankyo is scheduled to acquire approximately 9% of the shares of Sun Pharma as a result of this merger.
Why did Sun Pharma acquire Ranbaxy?
Ranbaxys board and Sun Pharmas board have recommended approval of the transaction to their respective shareholders. The combination will create a large specialty pharmaceutical company with strong capabilities in developing complex products and exploiting first to file opportunities.
What happened to Ranbaxy shares?
In 2008, Japanese pharmaceutical company Daiichi Sankyo acquired a controlling share in Ranbaxy and in 2014, Sun Pharma acquired 100% of Ranbaxy in an all-stock deal.
What is the net worth of Sun Pharma owner?
The Government of India awarded him the civilian honor of the Padma Shri in 2016. India Today magazine ranked him 8th in Indias most powerful people of 2017 list. ing to Forbes, as of March 2024, Shanghvi is the 6th richest person in India with an estimated net worth of US$25.7 billion.
Why was Ranbaxy sold to Sun Pharma?
It was a well thought out decision by the management of Sun Pharmaceutical Industries. The merger with Ranbaxy Laboratorie s was intended to help Indias largest drug maker acquire scale and become a force to reckon with globally. Indeed, Sun has emerged as the worlds fifth largest specialty generic drug maker.
Related Searches
Ranbaxy LaboratoriesSun PharmaSun ranbaxy productsSun Pharma products listSun ranbaxy locationsIs Ranbaxy still in businessSun ranbaxy stockSun Pharma locations
Sun Pharma completed the acquisition of Ranbaxy Laboratories Limited, an integrated, research based, international pharmaceutical company, on 25th March 2015.
What is Sun Pharma famous for?
SUN PHARMA, Indias biggest pharmaceutical company and the worlds fourth-largest specialty generic pharmaceutical company, is famous for products like Revital, Volini, etc.
Related links
Sunpharma - Verify.Wiki
The Mohali plant came into the Sun Pharma fold when it acquired Ranbaxy Laboratories Ltd in 2015. Shares of Sun Pharma jumped at the announcement, closing 3.4%
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