This agreement with Takeda marks a significant step for Sun Pharma in expanding its gastrointestinal treatment portfolio and providing innovative solutions for patients in India.
Gold prices are steady, with signs pointing towards a potential rate cut by the Federal Reserve due to weak U.S. economic data.
The block deal has a floor price of ₹331 per share, which is 7.1% lower than Thursday's closing price, according to sources.
Traders who trade in index futures and options do not face security bans as these restrictions apply only to individual stock contracts.
Company plans to use funds to pay off debt, fund working capital, and for general corporate purposes
Despite a slight rise in share prices, the stock has faced significant declines over the past few months.
Promoters Sunil Suresh and Shubha Sunil will each sell 1.18 million shares in the OFS portion of the IPO.
While crude oil futures dipped on the prospect of higher interest rates, the reduction in U.S. oil inventories provided some support to prices.
While technology stocks led the gains, energy and FMCG sectors saw some declines.
The company plans to issue a total of 216.92 Crore shares as bonuses, increasing its equity share capital to ₹4,338.50 Crore.

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