Continue to remain opportunistic for acquisitions: Sun Pharma

Keen on inorganic expansion, Sun Pharma has said it is looking for targets that are "well managed" unlike the acquisition of Ranbaxy which continues to take significant time of the senior management.

"We continue to remain opportunistic for acquisitions. As on today, since Ranbaxy continues to take significant time for senior management, we are not looking at buying businesses where we will have to spend a lot of time in managing," Sun Pharma Managing Director Dilip Shanghvi told analysts in a conference call.

So the company continues to look for opportunities which are well managed and which can either operate as a standalone business or businesses which will not require significant amount of management involvement, he added.

When asked about the size of the deal the company was looking at for the acquisitions, Shanghvi said: "I think we are a conservative company. So if we understand the business, we would potentially look at larger acquisition. If we do not fully understand the business, then it has to be a reasonably sized acquisition." "We would not make a very large acquisition in a business which we do not fully understand," he added.