Elder Pharmaceuticals Ltd (ELDP.BO)
6 Dec 2013
|Market Cap (Mil.):||Rs5,973.17|
|Shares Outstanding (Mil.):||20.54|
Ahmedabad-based drugmaker Torrent Pharmaceuticals Ltd has submitted a non-exclusive bid to acquire certain businesses of Elder Pharmaceuticals Ltd, it disclosed on Friday.
July 24 - Sanofi SA's India unit and Carlyle Group are in separate talks to buy the domestic drug formulations business of India's Elder Pharmaceuticals Ltd for $400 million-$450 million, three sources with direct knowledge of the matter said.
* Shares in India's Elder Pharmaceuticals Ltd gain 5 percent to their maximum daily limit, on media reports that promoters of the company are looking to sell their stake. * The Economic Times reported Elder's promoters were looking to exit their investments, citing two people close to the transaction. (http://link.reuters.com/bam78t) * The promoters own 39.99 percent stake in the company as per its latest shareholding pattern with the Bombay Stock Exchange. * A company official denied on Monda