Himachal Fibres' stock price increased from Rs 2 per share to Rs 40/ share in the last one year. Its outstanding shares increased from 30 lakh to 8.65 crore. This happened post a series of preferential allotment and a stock split. The company went in for preferential allotments four times since 2009
Drug firm Sun Pharma today said it has proposed to fully acquire Taro Pharmaceuticals with an offer to purchase all the outstanding shares of the Israeli firm that would entail an outgo of USD 367.5 million (over Rs 1,810 crore).