Ranbaxy to raise stake in Zenotech Laboratories

13 Oct 2007

Mumbi: Ranbaxy Laboratories Ltd (Ranbaxy) has executed definitive agreement with promoters of Zenotech Laboratories Ltd for an increase in equity stake of Ranbaxy in Zenotech from 7 per cent to 45 per cent.

This involves purchase of 78,78,906 equity shares of Zenotech from the existing promoters held by Dr Jayaram Chigurupati and issue of 54,89,536 equity shares to Ranbaxy by Zenotech on preferential allotment basis, Zenotch informed the BSE.