Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
17 February, 2020 17:40 IST
Aurobindo Pharma to acquire additional 20% stake in Tergene Biotech
Source: IRIS | 10 Aug, 2017, 09.57AM
Comments  |  Post Comment

Aurobindo Pharma has entered into agreement to acquire 20% additional equity stake in Tergene Biotech. As agreed among the JV Partners, the company will increase its stake in Tergene Biotech from 60% to 80% by subscribing additional 56,50,000 equity shares of Rs 10 each at par aggregating to Rs 56.5 million.

As on date, the company acquired 3.25% and will continue to acquire balance 16.75% over a period of time. 

Shares of the company gained Rs 28.8, or 4.21%, to trade at Rs 712.95. The total volume of shares traded was 251,734 at the BSE (9.47 a.m., Thursday).

Aurobindo Pharma Limited   (Q,N,C,F)*

Could not connect: Can't connect to local MySQL server through socket '/var/lib/mysql/mysql.sock' (2)