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09 December, 2019 10:05 IST
Aurobindo Pharma to acquire additional 20% stake in Tergene Biotech
Source: IRIS | 10 Aug, 2017, 09.57AM
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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)*

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