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
18 March, 2018 03:33 IST
Sun Pharma to acquire 15.91% stake in Krystal Biotech
Source: IRIS | 09 Aug, 2017, 09.59AM
Comments  |  Post Comment

Sun Pharmaceutical Industries' one of the wholly owned subsidiaries (collectively Sun Pharma) has agreed to acquire by way of allotment to it, 203,135 Series A Preferred Stock (equivalent to 15.91% fully diluted equity stake on conversion) of Krystal Biotech Inc., United States of America, a biopharmaceutical company using gene therapy to develop treatments for patients suffering from rare debilitating disorders.

The cash consideration amounting to USD 7 million would be paid for acquisition of shares.

Total volume of shares traded on the bourses today was lower by 21.00% to 2,794,716 compared with 22-day average volume of 3,537,546.

Shares of the company declined Rs 12.45, or 2.49%, to trade at Rs 487.95. The total volume of shares traded was 287,917 at the BSE (9.49 a.m., Wednesday).

Sun Pharmaceutical Industries Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Security Code type    into this box
Company Update
Yes Bank provides financial assistance to Mahindra Renewables' mega solar project - 16-Mar-2018 12:58
L&T Construction & DFCCIL sign contract worth Rs 28.64 bn - 16-Mar-2018 12:42
Muthoot Finance ties up with Global IME Bank - 16-Mar-2018 10:17
Genus Power Infrastructures secures order worth Rs 540 mn - 15-Mar-2018 11:50
Steel Strips Wheels bags export order from EU Caravan market - 15-Mar-2018 11:44
Asian Granito India to enter into JV for manufacture of glaze vitrified tile - 15-Mar-2018 10:24
Infosys to open tech hub in Connecticut, create 1000 jobs by 2022 - 15-Mar-2018 10:17
Wipro to sell hosted data centre services biz for USD 405 mn - 15-Mar-2018 10:08
Trintech and Wipro announce strategic partnership - 15-Mar-2018 09:41
Tata Communications partners with MOTWANE - 15-Mar-2018 09:35
Suzlon Energy commissions 340 MW solar power turnkey projects - 15-Mar-2018 09:32
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer