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Indian unit of AstraZeneca up on Pfizer offer for parent

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Reuters
Last Updated : Apr 29 2014 | 10:18 AM IST

Reuters Market Eye - Shares of Astrazeneca Pharma India Ltd , the Indian unit of AstraZeneca Plc , rise 2.5 percent as the British drugmaker is approached by Pfizer Inc for a potential $100 billion takeover.

Astrazeneca Pharma India shares have gained 53 percent since January on speculation that its parent would be a takeover candidate.

Astrazeneca Plc holds a 75 percent stake in its Indian subsidiary, BSE data shows.

(abhishek.vishnoi@thomsonreuters.com / abhishek.vishnoi.thomsonreuters.com@reuters.net)

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First Published: Apr 29 2014 | 10:04 AM IST

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