AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
DAIICHI'S OPEN OFFER FOR 20 PCT STAKE IN RANBAXY AWAITS SEBI'S NOD.
NEW DELHI, Aug 1 Asia Pulse - Japanese drug maker Daichii Sankyo (TSE: 4568), which has signed a share purchase agreement with Ranbaxy (BSE: 500359), on Thursday said its open offer for an additional 20 per cent stake in the domestic pharma major would undergo a change of schedule, pursuant to a delay in Securities and Exchange Board of India's (SEBI) approval.
In a public announcement, Daiichi Sankyo said it is yet to receive market regulator Sebi's approval for an open offer to pick up a further 20 per cent stake in the domestic pharma major, which was sent to SEBI on June 27.
"Hence the schedule of activities as per the disclosure made in the public announcement will undergo change," Daiichi Sankyo said. The offer was scheduled to open on August 8 and close on August 27.
"The revised schedule of activities in respect of the offer pertaining to acquisition of the equity shares of Ranbaxy Laboratories Ltd will be announced separately after receiving SEBI's ...
- Ranbaxy promoters sell stake to Daiichi Sankyo off-market.
- News wire article from: PTI - The Press Trust of India Ltd. October 20, 2008 700+ words
...promoters sell stake to Daiichi Sankyo off-market New...their 34.8 per cent stake in the company in favour of Daiichi Sankyo through off-market...added. In June, Daiichi Sankyo had acquired 34 per cent stake in Ranbaxy from the...
- ASAHI BREWERIES TO BUY TOP BABY FOOD FIRM FROM DAIICHI SANKYO.
- News wire article from: AsiaPulse News April 24, 2006 700+ words
...Co. (TSE:4520) from Daiichi Sankyo Co. (TSE:4568), The...brewer plans to purchase Daiichi Sankyo's 59.5 per cent stake in Wakodo for some 20 billion...the agendas of both firms: Daiichi Sankyo, which is focusing on its...
- United States : Daiichi Sankyo, JK Tyre & Financial Tech Q2 result.
- News wire article from: TendersInfo November 2, 2009 700+ words
Byline: pinto03 Japanese drug maker Daiichi Sankyo, which holds 64 per cent stake in Ranbaxy Laboratories, today reported a...billion yen in the same period last year, Daiichi Sankyo said in a statement. JK Tyre net at Rs 60...
- Daiichi Sankyo forms joint team to look into USFDA allegation.
- News wire article from: PTI - The Press Trust of India Ltd. February 26, 2009 700+ words
...issue very seriously, and both Daiichi Sankyo and Ranbaxy have already formed...Laboratories sold their entire 34.8 per cent stake in the company to Daiichi Sankyo, which now has more than 63 per cent stake in the Gurgaon-based company.
- India : SC nod to Daiichi Sankyo to open offer for Zenotech Lab.
- News wire article from: TendersInfo July 25, 2009 700+ words
...Japanese pharma firm Daiichi Sankyo to go ahead with the...an additional 20 per cent stake in Zenotech Laboratories...Earlier in January, Daiichi Sankyo had announced it would...shares or a 20 per cent stake in accordance with...
- ZENOTECH ASKS SEBI NOT TO LET DAIICHI SANKYO MAKE OPEN OFFER.
- News wire article from: AsiaPulse News February 2, 2009 700+ words
...Zenotech and Daiichi Sankyo have been at...acquire a 20 per cent stake in the firm for...submitted by Daiichi (Sankyo) until a favourable...He said when Daiichi Sankyo acquired Ranbaxy...of over 15 per cent stake in Zenotech by...
- Daiichi Sankyo completes Ranbaxy deal, holds 63.92 pc.
- News wire article from: PTI - The Press Trust of India Ltd. November 7, 2008 700+ words
...successfully completed," Daiichi Sankyo President and CEO Takashi...June, Japanese firm Daiichi Sankyo had entered into an...offer for a 20 per cent stake at Rs 737 per share...Rs 22,000 crore. Daiichi Sankyo had also subscribed...
- INDIA'S RANBAXY TO SELL DAIICHI SANKYO PRODUCTS IN MEXICO.
- News wire article from: AsiaPulse News October 6, 2009 700+ words
...the first time that Daiichi Sankyo and Ranbaxy are leveraging...immediate market entry for Daiichi Sankyo, while priming the...Japanese drug maker, Daiichi Sankyo, had acquired Gurgaon...has around a 64 per cent stake in it. (PTI)maz...
Source: HighBeam Research, DAIICHI'S OPEN OFFER FOR 20 PCT STAKE IN RANBAXY AWAITS SEBI'S NOD.