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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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