Business Standard

Sunday, December 22, 2024 | 12:25 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Sun Pharma gets FIPB approval to issue shares to non-residents

Image

Capital Market

Under scheme of arrangement between Ranbaxy and Sun Pharma

Sun Pharmaceutical Industries announced that Foreign Investment Promotion Board (FIPB) has, as per the press release dated 28 November 2014 released by FIPB unit of Ministry of Finance, Department of Economic Affairs, approved the proposal of the Company for issuing equity shares of the Company to the non-resident investors of Ranbaxy Laboratories pursuant to the merger of Ranbaxy Laboratories into Sun Pharmaceutical Industries through the scheme of arrangement between Ranbaxy Laboratories and Sun Pharmaceutical Industries.

Powered by Capital Market - Live News

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 01 2014 | 9:26 AM IST

Explore News