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Sun Pharmaceutical Industries to acquire stake in Ranbaxy Laboratories from Daiichi Sankyo

Sunday, 6 Apr 2014 07:00pm EDT 

Daiichi Sankyo Co Ltd:Says Sun Pharmaceutical Industries Ltd will acquire stake in Ranbaxy Laboratories, which is a 63.4 pct-owned subsidiary of Daiichi Sankyo, through stock swap by December.The company will receive 0.8 share of Sun Pharma for each share of Ranbaxy, to hold about 9 pct stake in Sun Pharma.