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Ranbaxy Lab tanks over 30% on import alert

USFDA issued import alert on Ranbaxy's Mohali unit.

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SI Reporter Mumbai
Last Updated : Sep 16 2013 | 9:26 AM IST
Ranbaxy Laboratories has tanked as much as 35% to Rs 297 in opening deals on BSE on CNBC-TV18 reports that the US Food and Drug Administration (USFDA) issued import alert on the company’s Mohali unit.
 
After the problems at Paonta Sahib and Dewas, the USFDA now has a problem per se with its unit at Mohali, added report.
 
The stock opened at Rs 412 and has seen a combined more than one million shares changing hands on the counter on BSE and NSE.

 

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First Published: Sep 16 2013 | 9:25 AM IST

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