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Why Transfer Of Distribution Business Will Hit Sun Pharma’s Q4 Earnings
Sun Pharma will transfer its local distribution business run by a promoter arm to its wholly owned subsidiary.
12 Apr 2019, 11:13 AM IST
Sun Pharmaceutical Industries Ltd. will transfer its local distribution business run by a promoter arm to its wholly owned subsidiary as India’s largest drugmaker takes corrective measures to allay investor concerns on corporate governance.The business will be transferred in a phased manner on receiving regulatory approvals, the company said in an exchange filing. The company’s arm will commence distribution from this month on the sa...
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