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Sun Pharma to acquire remaining 21.52% shares of Taro
The Business Guardian
|February 08, 2024
Sun Pharmaceutical IndusStre tries has entered an agreement with Taro Pharmaceutical to acquire the balance 21.52 percent stake in the Israel-based company for a cash consideration of $43 per share amounting to $347.73 million (Rs 2,982 crore).
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Sun currently holds a controlling stake of 78.48 percent in the company. The anticipated completion of the new transaction is set for 2024-25. Following the acquisition, Taro is poised to become a fully-owned subsidiary of Sun and will undergo delisting from the New York Stock Exchange.
Dit verhaal komt uit de February 08, 2024-editie van The Business Guardian.
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