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CCI riders small price for Ranbaxy deal

2014-12-10 06:20:07| Chemicals - Topix.net

Markets give thumbs-up as Sun Pharma and Ranbaxy can close deal in 3-4 months; however, the divestment may not fetch the desired value due to low buyer interest Share prices of Ranbaxy Laboratories and Sun Pharmaceutical Industries sprinted on Tuesday as the overall market sank on news that Competition Commission of India had given nod to their merger plan. Though the approval came with certain conditions which includes divestment of total of seven products of Sun and Ranbaxy, the market has viewed the development in a positive light.

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