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RANBAXY LABORATORIES LTD. - Updates on Clarification sought from Ranbaxy Laboratories Ltd
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16 Oct 2014
The Exchange has sought clarification from the company with respect to news article appearing in Business Standard on October 15, 2014 titled &quot;Sun, Ranbaxy may be asked to sell some business for CCI approval to merge.&quot;&lt;br/&gt;&lt;br/&gt;The company replied stating that:&lt;br/&gt;&lt;br/&gt;&quot;In this regard we would like to state that the news article suggests that the Competition Commission of India (CCI)may ask the parties to the merger to sell parts of their businesses as a pre-condition to approve the merger. Further, we wish to clarify that as on date we have not received any such communication from the CCI to divest any part of the business(s). The parties have made certain submissions to the CCI on which decision of the CCI is awaited.&lt;br/&gt;&lt;br/&gt;In view of the above, there is no requirement for disclosure under Clause 36 of the Listing Agreement as on date.&quot;
View all announcements for RANBAXY LABORATORIES LTD. Source: BSE India