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SUN PHARMACEUTICAL INDUSTRIES LTD. - Approval received from FIPB for Issue of shares to Non residents pursuant to the Scheme of Arrangement between Ranbaxy Laboratories Ltd and Sun Pharmaceutical Industries Ltd
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01 Dec 2014
With reference to earlier announcement dated November 24, 2014 regarding Updates on Scheme of Arrangement, Sun Pharmaceutical Industries Ltd has informed further to BSE that Foreign Investment Promotion Board (FIPB) has, as per the press release dated November 28, 14 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 Limited pursuant to the merger of Ranbaxy Laboratories Limited into Sun Pharmaceutical Industries Limited through the scheme of arrangement between Ranbaxy Laboratories Limited and Sun Pharmaceutical Industries Limited.
View all announcements for SUN PHARMACEUTICAL INDUSTRIES LTD. Source: BSE India