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.

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  1. prakash hapaliya

    prakash hapaliya New Member

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    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

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    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
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    Rajesh and Karthikeyan like this.
  3. New_Investor

    New_Investor Active Member

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    upload_2015-12-27_23-5-41.png

    upload_2015-12-27_23-15-37.png
     
    New_Investor, Dec 27, 2015
    #3
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