Unichem Labs offloads stake in Optimus Drugs for Rs 67 crore; shares rise
Unichem Laboratories noted that 4918 equity shares representing 0.02 percent holding in Optimus Drugs were sold
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Unichem Laboratories noted that 4918 equity shares representing 0.02 percent holding in Optimus Drugs were sold
Analysts see synergies for both Torrent and Dr Reddy's with Cipla, driven by rationalisation of costs, but also warn that the merger could significantly raise debt levels for the pharma companies.
Ipca Laboratories picked 33.38% stake in Unichem Labs after CCI approval.
Ipca Labs had informed the exchanges last week of receiving a go ahead from the Competition Commission of India for acquiring a majority stake in Unichem Labs.
Though huge buying was seen in Campus Activewear, the stock fell 4.3 percent to Rs 290 amid weak equity market conditions