Sun Pharma buys outstanding stake in Taro for ₹2,891 cr
The transaction marks the conclusion of a nearly 17-year effort to gain full control of the U.S.-listed generic drugmaker
The transaction marks the conclusion of a nearly 17-year effort to gain full control of the U.S.-listed generic drugmaker
Sun proposes to acquire outstanding shares of Taro’s at $43 apiece, up from $38 per share earlier
The price of the palbociclib treatment, which used to be at least ₹50,000 a month, will come down substantially.
The BSE Sensex and Nifty50 closed lower on Wednesday, led by selling in bank and realty stocks such as Bajaj Auto, Maruti, M&M, HDFC, Kotak Mahindra Bank, and SBI.
The Sensex and the Nifty are seen opening higher on Tuesday, following positive cues from Asian peers and firm trading in Nifty futures on the Singapore Exchange.
The top five gainers on the Sensex pack were Sun Pharma Industries, Tata Consultancy Services, NTPC, Wipro and Tech Mahindra.
The BSE Sensex and the NSE Nifty are seen opening higher, following firm cues from Asian peers and positive trends on the SGX Nifty futures.
Indian share market closed lower for the third straight session on Thursday, with BSE Sensex plunging 1,844 points during this period.
The BSE Sensex and the NSE Nifty are poised to start the week on the back foot, tracking mixed global cues and negative trading at SGX Nifty.
The BSE Sensex and the NSE Nifty closed lower on Thursday as gains in IT and tech stocks were offset by losses in oil and gas and metal companies.