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Sun Pharmaceutical News

20 Jul 2023

Pharma Crorepati Who Borrowed Rs 10,000 To Start Business, Has Net Worth In Cr

Dilip Shanghvi founded Sun Pharmaceutical in 1982 in Vapi, Gujarat. Shanghvi was born into a Gujarati family in the small village of Amreli, Gujarat. In Kolkata, his father had a wholesale pharmaceutical business.

27 May 2023

India's Sun Pharma Posts Near-30% Rise In Q4 Profit On Lower Input Costs

Shares of Sun Pharma settled 2.6 percent higher after the results and snapped six weeks of losses with a gain of 4.8 percent for the week.

Sun Pharmaceutical

10 Sep 2018

Sun Pharma arm to acquire shares of Israeli firm Tarsius Pharma for $3 million

Indicative time period for completion of the acquisition is before September 15, 2018, Sun Pharma said.

11 Aug 2017

Sun Pharma Q1 net loss at Rs 424.92 crore

The company had posted a net profit after taxes, share of profit/loss of associates, joint ventures and non-controlling interests of Rs 2,033.71 crore for the same period a year ago, Sun Pharmaceutical Industries said in a filing to the BSE.

19 Dec 2015

Sun Pharma gets warning letter from USFDA over Halol unit

Drug major Sun Pharmaceutical Industries on Saturday said it has received a warning letter from the USFDA over violation of manufacturing norms in its facility at Halol in Gujarat.

Sun Pharmaceutical

07 Nov 2015

Sun Pharma Q2 net profit dips 46% to Rs 1,107 crore

Drug major Sun Pharmaceutical Industries on Saturday reported 46.02 percent dip in its consolidated net profit at Rs 1,106.66 crore for the second quarter ended September 30, 2015 on account of lower sales, volatile currency movements and supply constraints.

Sun Pharmaceutical

09 Oct 2015

Sun Pharma withdraws suit filed by Ranbaxy against USFDA

The lawsuit challenged FDA's revocation of Ranbaxy's tentative approvals for its generic versions of Nexium and Valcyte in the US.

Sun Pharmaceutical

05 Jun 2015

Sun Pharma shareholders approve amalgamation scheme

Sun Pharmaceutical on Friday said court convened meeting of its shareholders has approved the scheme of amalgamation of Sun Pharma Global Inc with itself.

Sun Pharmaceutical

02 Jun 2015

Sun Pharma, AstraZeneca seal distribution deal

Drug majors Sun Pharmaceutical and AstraZeneca Pharma India (AZPIL) on Tuesday said they have entered into a distribution services agreement to distribute AstraZeneca's heart disease treatment drug 'Axcer' in India.

Ranbaxy Laboratories

28 Apr 2015

Sun Pharma, not sated by Ranbaxy deal, may spend up to $7 billion on M&A: Bankers

Sun Pharma, which has a market value of nearly $36 billion, is also interested in non-biotech complex generic medicine.

Sun Pharmaceutical

22 Apr 2015

Sun Pharma shares bounce back, up nearly 2% at close

Shares of Sun Pharmaceutical Wednesday recovered nearly 2 percent to close at Rs 967.15 on BSE a day after the stock took a severe beating following Daiichi Sankyo selling its entire 9 percent stake in the company for Rs 20,025 crore.

Daiichi Sankyo Company Ltd

22 Apr 2015

Shanghvi did not buy Daiichi Sankyo's shares: Sun Pharma

The company was clarifying on speculations that Sanghvi, who holds 9.61 percent stake in Sun Pharma, had bought shares when Daiichi Sankyo exited from the Indian firm.

22 Apr 2015

Daiichi Sankyo exits Sun Pharma; ends 7 years of tumultuous ride in India

The company, which had forayed into the growing Indian pharmaceutical market by buying a majority stake in Ranbaxy Laboratories in 2008 for Rs 22,000 crore, sold over 21 crore shares in Sun Pharma.

21 Apr 2015

Japan's Daiichi completely exits Sun Pharma

Yesterday, Daiichi Sankyo Company Ltd had announced its decision to sell "the entire or part of its holdings of Sun Pharmaceutical shares..."

Daiichi Sankyo Company Ltd

20 Apr 2015

Daiichi Sankyo to offload stake in Sun Pharma worth Rs 22,000 cr

Japanese drug maker Daiichi Sankyo Monday said it board has approved selling a part or entire 9 percent holding worth over Rs 22,000 crore in Indian drug major Sun Pharmaceutical.

Ranbaxy Laboratories

04 Apr 2015

Ranbaxy stock to stop trading on exchanges from next week

Shares of Ranbaxy Laboratories will stop trading on BSE and NSE with effect from April 6 onwards as the company is merging with Sun Pharmaceutical Industries in a USD 4 billion deal.

Ranbaxy Laboratories

01 Apr 2015

Ranbaxy ends last trading day on bright note; surges over 5%

Shares of Ranbaxy Laboratories on Wednesday ended with strong gains on the last day of its trade, as the company is being merged with Sun Pharmaceutical in a USD 4 billion deal.

Ranbaxy Laboratories

09 Mar 2015

HC allows merger of Ranbaxy and Sun pharma

The Punjab and Haryana High Court Monday gave its nod to the merger of two Indian pharmaceutical companies - Ranbaxy Laboratories Limited with Sun Pharmaceutical Industries Limited.

Sun Pharmaceutical

14 Feb 2015

Dilip Shanghvi to buy equity worth Rs 1,800 crore in Suzlon

Wind turbine maker Suzlon Energy has signed definitive agreements with Dilip Shanghvi Family and Associates (DSA) for equity investments of Rs 1,800 crore.

Sun Pharmaceutical

11 Sep 2014

Sun Pharma falls 6% on reports of FDA inspection at Halol unit

Sun Pharmaceutical Industries on Thursday slumped as much as 6 percent, heading towards its biggest single day fall since March 16, 2012.

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