Daiichi defers open offer for Ranbaxy\’s additional 20%
Posted Aug.04, 2008 in Indian Stock Market
Daiichi Sankyo has deferred its proposed open offer to acquire an additional 20 per cent stake in Ranbaxy, citing a delay in approvals from market regulator Sebi. Ranbaxy Managing Director and CEO Malvinder Singh says that a new date will be announced soon.