Moneycontrol Be a Pro
Get App
Last Updated : Feb 21, 2019 04:04 PM IST | Source: Moneycontrol.com

Piramal Enterprises rises 2% as SC exempt Saridon from list of banned FDCs

The Supreme Court of India has ruled in favor of Saridon by exempting its formulation from the list of banned FDCs (Fixed Dose Combinations).

Moneycontrol News @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Shares of Piramal Enterprises rose 2 percent after Supreme Court of India (SC) ruled in favor of company drug, Saridon.

The Supreme Court of India has ruled in favor of Saridon by exempting its formulation from the list of banned FDCs (Fixed Dose Combinations).

In September 2018, Piramal Enterprises had been awarded a stay order from the Supreme Court on the ban, which allowed it to continue manufacturing, distribution and sale of the FDC.

Close

Nandini Piramal, Executive Director, Piramal Enterprises Limited said, “We are pleased with the Supreme Court ruling, as it is an affirmation to our commitment to provide effective and safe healthcare solutions that address unique needs of Indian consumers."

Piramal Enterprises ended at Rs 2,240.15, up Rs 44.05, or 2.01 percent on the BSE.

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Feb 21, 2019 04:02 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant