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Sun Pharma buys Taro Pharma shares from Brandes

Published on Wed, Feb 20, 2008 at 14:31 |  Source : Moneycontrol.com

Updated at Wed, Feb 20, 2008 at 17:02  

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Sun Pharmaceutical Industries Ltd. announced a purchase of 3,712,557 shares, equivalent to an additional 9.4% stake in Taro Pharmaceutical Industries Ltd (TAROF, Pink Sheets). These shares bought by Sun Pharma's indirect subsidiary, Alkaloida Chemical Company Exclusive Group Ltd, from Brandes Investment Partners , L.P increases Sun Pharma and its subsidiaries stake in Taro Pharma to 34.4%.

 

In May 2007, Sun Pharma, together with its subsidiaries, had signed definitive agreements to acquire Taro Pharma. 

 

Sourced From: Pressman India

  

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