Sarabjit Kour Nangra

Ranbaxy shareholders should hold onto their investments: Angel Broking

ranbaxyRanbaxy shareholders should keep on holding onto their investments as the combination of synergies and positives emanating from the company's merger deal with Sun Pharmaceutical Industries Ltd would likely benefit them, analysts suggest.

Mumbai-based Sun Pharma on Monday announced that it would acquire Ranbaxy Laboratories Ltd for $4-billion (nearly Rs 24,000 crore) all stock deal. The transaction has equity value of $ 3.2 billion (nearly Rs 19,200 crore), while the remaining is Ranbaxy's debt that would be assumed by the new company. Ranbaxy shareholders will get 0.8 of a Sun Pharma share for each Ranbaxy share they own.




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