Sun Pharma Invests USD 15 Million in US Pharmazz Inc.
Sun Pharmaceutical Industries acquires over 5% stake in US-based Pharmazz Inc. for USD 15 million, investing in two tranches subject to certain conditions.
Photograph: Francis Mascarenhas/Reuters
New Delhi, Aug 14 (PTI) Sun Pharmaceutical Industries on Wednesday said it has acquired over 5 per cent stake in US-based Pharmazz Inc for USD 15 million.
The company has agreed to invest up to USD 15 million, resulting in more than 5 per cent holding in Delaware-based Pharmazz Inc., the Mumbai-based drug major said in a regulatory filing.
The company will invest USD 15 million in two tranches of USD 7.5 million each, subject to the fulfilment of certain conditions, it added.
The company has agreed to invest up to USD 15 million, resulting in more than 5 per cent holding in Delaware-based Pharmazz Inc., the Mumbai-based drug major said in a regulatory filing.
The company will invest USD 15 million in two tranches of USD 7.5 million each, subject to the fulfilment of certain conditions, it added.
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