sun Pharmaceutical industries proportion rate will stay in awareness on january 1 after the enterprise goes to promote its entire holding in japanese subsidiary.
The agency has entered into an settlement with Zaza industrial Holdings okay.k, japan, beneath which company has agreed to promote 100 percent stocks held in solar Pharma japan Technical Operations, a step-down subsidiary of the company (thru its subsidiary, sun Pharma japan restricted).
consequently, sun Pharma japan Technical Operations shall end to be a subsidiary of the enterprise.
The expected date of entirety of sale/disposal will be january 31, 2025.
Turnover of sun Pharma japan Technical Operations is much less than 0.five percentage of sun Pharma's consolidated turnover for FY 2023-24.
The stated subsidiary operates a plant in Saitama, japan, which manufactures products for sun Pharma Japan. As a part of the sale agreement, the plant is shriveled to supply products to sun Pharma until might also 2026.
the percentage touched a fifty two-week excessive of Rs 1,960.20 and a fifty two-week low of Rs 1,258.10 on 30 September, 2024 and 02 january, 2024, respectively.
presently, the stock is buying and selling 3.86 percentage beneath its fifty two-week excessive and forty nine.79 percent above its fifty two-week low.
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