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Daiichi-Sankyo's offer for 20% more in Ranbaxy delayed

This article was originally published in Scrip

Executive Summary

Daiichi-Sankyo's open offer to acquire an additional 20% stake from the shareholders of Ranbaxy Laboratorieshas yet to be approved by the Securities and Exchange Board of India (SEBI), forcing a revision in the "schedule of activities" pertaining to the offer. The offer was originally scheduled to open on August 8th and close on August 27th.

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