Sun Pharma arm picks up 14.6% stake in US company for $13mn
Pharmaceuticals | December 23, 2016
NEW DELHI: Sun Pharma BSE 0.93 % today said its subsidiary has invested $13 million (about Rs 88 crore) in the US-based sc Pharmaceuticals Inc. "...One of the wholly-owned subsidiaries of the company has acquired 13,000,000 Series B preferred stock of sc Pharmaceuticals Inc (equivalent to 14.58 per cent fully diluted equity stake on conversion) by way of allotment," Sun Pharmaceutical Industries BSE 0.93 % said in a BSE filing.