Is Sunpharma held majority stake in Zenotech lab ?

Discussion in 'Ask A Query About Your Stock Picks And Portfolio' started by prakash hapaliya, Apr 13, 2015.

Previous Thread Next Thread
Loading...
  1. prakash hapaliya

    prakash hapaliya New Member

    Joined:
    Apr 8, 2015
    Messages:
    5
    Likes Received:
    0
    I heard that sunpharma held 66% stake in zenotech lab. So it is good bet to buy zenotech lab at current level ?
    Please tell me more about zenotech lab.
     
    prakash hapaliya, Apr 13, 2015
    #1
  2. Meenakshi Razdan

    Meenakshi Razdan Administrator Staff Member Moderator

    Joined:
    Mar 19, 2015
    Messages:
    430
    Likes Received:
    150
    Yes. Ranbaxy holds 46.84% and Daiichi Sankyyo Co Ltd holds 20%, aggregating 66.85. Now that Ranbaxy has merged into Sun Pharma, Sun Pharma will become the majority holder of Zenotech Labs.

    Zenotech is a very small company, with a market cap of only Rs. 218 crore. On the other hand, Sun Pharma will have a market cap of over Rs. 2.60 lakh crore. It is not known what role Sun Pharma has intended for Zenotech.

    Zenotech has been a dormant company so far with virtually no activity. Its future depends on what Sun Pharma intends to do with it. Until there is clarity on that, can one take an investment decision?
     
    Meenakshi Razdan, Apr 14, 2015
    #2
    Rajesh and Karthikeyan like this.
  3. New_Investor

    New_Investor Active Member

    Joined:
    Sep 5, 2015
    Messages:
    528
    Likes Received:
    179
    upload_2015-12-27_23-5-41.png

    upload_2015-12-27_23-15-37.png
     
    New_Investor, Dec 27, 2015
    #3
Previous Thread Next Thread
Loading...
Loading...
Similar Threads
  1. vineet

    Sunpharma

    vineet, Jun 10, 2016, in forum: Ask A Query About Your Stock Picks And Portfolio
    Replies:
    4
    Views:
    1,600
    Srouta Mukherjee
    Jun 10, 2016
  2. vineet

    sunpharma

    vineet, Dec 4, 2015, in forum: Ask A Query About Your Stock Picks And Portfolio
    Replies:
    0
    Views:
    1,115
    vineet
    Dec 4, 2015
  3. sanju

    I HV sunpharma.pls suggest me.

    sanju, Jul 21, 2015, in forum: Ask A Query About Your Stock Picks And Portfolio
    Replies:
    4
    Views:
    1,970
    dineshkapoor27
    Jul 23, 2015
  4. Arjun

    HINDWARE, a small-cap, is held by investing luminaries like Sunil Singhania & Mukul Agrawal

    Arjun, Nov 11, 2023, in forum: Portfolios Of Famous Investors
    Replies:
    0
    Views:
    1,131
    Arjun
    Nov 11, 2023
  5. Jaya Prakash

    Advice on presently held shares / shares planned on long term basis.

    Jaya Prakash, Jan 24, 2016, in forum: Ask A Query About Your Stock Picks And Portfolio
    Replies:
    8
    Views:
    3,562
    Jaya Prakash
    Jan 28, 2016