October 10, 2007 / 7:39 AM / 11 years ago

India's Lupin says acquires Japan's Kyowa Pharma

MUMBAI, Oct 10 (Reuters) - Indian drug maker Lupin Ltd (LUPN.BO) said on Wednesday it had acquired a majority stake in Japanese generic drug maker Kyowa Pharmaceutical Industry Co Ltd. It did not give financial details but CNBC-TV 18, citing unidentified sources, said Lupin paid $60 million for the acquisition. Lupin’s shares were up 2.7 percent at 601 rupees at 0716 GMT in a firm Mumbai market.

((Reporting by Himangshu Watts, editing by Ranjit Gangadharan; Reuters Messaging: himangshu.watts.reuters.com@reuters.net +91 22 6636 9030)) Keywords: LUPIN ACQUISITION/

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