The shares of Sun Pharmaceutical Industries Ltd surged nearly 1% after the company acquires minority stakes in 2 companies. Sun Pharmaceutical Industries opened positive at ₹1128 against the previous close of ₹1119.10.
Sun Pharmaceutical Industries Ltd. has signed agreements to acquire minority stakes in Ezerx Health Tech Ltd. and Agatsa Software Ltd. The pharma company will acquire 37.76% equity in Ezerx Health Tech for Rs 28.69 crore and a 4.04% stake in Agatsa Software for Rs 4.5 crore.
Additionally, Sun Pharma will now own 30.13% of Agatsa Software after increasing its previous investment. Ezerx Health Tech specializes in non-invasive diagnostic and ancillary medical devices, while Agatsa Software is an early-stage digital diagnostic device company. The acquisitions are set to be finalized by October 2023 and December 2023, respectively.
At 11:52 AM the shares of Sun Pharmaceutical Industries Ltd were up 0.78% or 8.75 at ₹1127.85
