Sun Pharma Founder's Wife Gets Rs 280 Crore Shares in Gift

Sun Pharma founder Dilip Shanghvi's mother Kumud has gifted nearly 31 lakh shares in the drugmaker to her daughter-in-law Vibha, according to a regulatory filing on the Bombay Stock Exchange. The transfer took place on January 30 and the shares are valued at Rs 280 crore according to Friday's closing price of Rs 915.95 apiece.