Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
»
1-min read

Sun Pharma Arm to Acquire Shares of Israeli Firm Tarsius Pharma for USD 3 Million

Shares of Sun Pharmaceuticals Industries closed at Rs 639.50 per scrip on BSE, down 3.72 per cent from its previous close.

PTI

Updated:September 10, 2018, 6:29 PM IST
facebookTwitterskypewhatsapp
Sun Pharma Arm to Acquire Shares of Israeli Firm Tarsius Pharma for USD 3 Million
Image for representation. (Image: Reuters)
Loading...

New Delhi: Drug major Sun Pharmaceutical Industries Monday said it has agreed to acquire 18.75 per cent shares of Israel-based Tarsius Pharma for a cash consideration of USD 3 million (over Rs 21 crore).

One of the company's wholly-owned subsidiaries has agreed to acquire 3,45,622 ordinary shares of Tarsius Pharma, of nominal value of NIS 0.01 each by way of subscription, representing 18.75 per cent of shares of Tarsius on a fully diluted basis, Sun Pharma said in a filing to BSE.

"Cost of acquisition is USD 3 million," it added.

Indicative time period for completion of the acquisition is before September 15, 2018, Sun Pharma said.

Tarsius is an early stage research and development company focusing on development of drug candidates in the field of ophthalmology, it added.

Shares of Sun Pharmaceutical Industries closed at Rs 639.50 per scrip on BSE, down 3.72 per cent from its previous close.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Indiabulls Hsg 627.30 2.87
Tata Steel 489.70 3.68
Yes Bank 109.55 0.23
Reliance 1,296.25 1.19
IndusInd Bank 1,418.20 0.65
Company Price Change %Gain
Indiabulls Hsg 627.40 2.90
Gulf Oil Lubric 894.20 -0.63
Yes Bank 109.40 0.09
Dewan Housing 66.40 2.08
Tata Steel 489.50 3.54
Top Losers
Company Price Change %Gain
Indiabulls Hsg 627.30 2.87
Yes Bank 109.55 0.23
Maruti Suzuki 6,515.00 1.18
Hindalco 195.20 2.76
Asian Paints 1,391.30 0.82
Company Price Change %Gain
Yes Bank 108.35 -0.87
Maruti Suzuki 6,490.00 0.82
Asian Paints 1,391.10 0.78
Sun Pharma 378.50 0.03
HDFC 2,177.10 1.06

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results